Starting a Business? Incorporate or Sole Proprietorship?

incorporate or sole proprietorship

Incorporate or Sole Proprietorship?    Some weeks appear to have a recurring theme.  The last couple of weeks I’ve been approached by a number of owners of sole proprietorship businesses wondering if it is time to incorporate their business.  So what are the advantages and limitations of running a business as a sole proprietorship versus incorporating your business? So should … Read More

Do I Need A Holding Company?

holding company

A question that I’m often asked by business owners is “Do I Need a Holding Company or is my Operating Company enough?”  There are a number of potential opportunities that a Holdco, which owns shares in your OpCo, that can offer business owners a  huge advantage over just having an Opco.  We’ll take you through a few scenarios where a … Read More

7 Helpful Tips For Divorce and Retirement Plans

Divorce and retirement plans

A divorce not only impacts your current financial situation but can have a significant impact upon your retirement plans.  Typically speaking, your living expenses after a divorce increase, your net income will decrease and your net worth is cut in half.  All of these events can limit your ability to save for future events like retirement.   Here are 7 Helpful … Read More

Money Management Mistakes That New Divorcées Should Avoid

money management mistakes

It can be a brave new world when it comes to newly divorced couples and finances.  Often, due to liquidity of marital possessions can result in having a tremendous amount of cash or liquidity on hand.  Coupled with being single again, the kid in a candy store phenomena can occur.  Being newly single, lots of cash on hand and only partial … Read More

Divorce and Retirement? At Least we can help you with your Retirement

A divorce not only impacts your current financial situation but can have a significant impact upon your retirement plans.  Typically speaking, your living expenses after a divorce increase, your net income will decrease and your net worth is cut in half.  All of these events limit your ability to save for events in the future like retirement. The following will … Read More

What is your company’s role in your Employee Personal Financial Wellness?

employee personal financial wellness

The Stats May Shock You Much has been discussed about creating loyal and happy staff, and attracting and retaining great talent.  One often overlooked opportunity to build trust, increase worker productivity, reduce stress and contribute to an employee’s financial freedom is helping to educate on employee personal financial wellness.  So why would you go down that road?  Do employees really … Read More

What are your options if you don’t qualify for life insurance?

don't qualify for life insurance

It’s been said that the only people who want to buy life insurance are those who are uninsurable or don’t qualify for life insurance.  For those who are deemed uninsurable there are some options for life insurance that you will want to be aware of.  Obviously, the younger and healthier you are, the lower your premiums.  But what happens if … Read More

Pay Attention to Your Beneficiary Designation

beneficiary designation

Whether you’re taking a contract for your business or personally, naming a beneficiary is a valuable feature of life insurance and segregated funds policies so it is important to carefully choose your beneficiaries.  Have you made any of these common mistakes with your beneficiary designation? Estate – the default choice Many people choose to name their “estate” as their beneficiary. … Read More

8 Clever Retention Strategies for Executive Compensation

executive retention strategies

If you went to the office one morning and someone gave notice, whose departure would make you feel irreparably harmed? Think about the key people you need to take your company to the next level of growth or become the next leader of the business. Also, consider who you consult with when making a critical or strategic decision. These are … Read More

Stay-at-Home Parent Financial Plan After Divorce

Stay-at-Home Parent Financial Plan

For those of us who have gone through a divorce, the financial and emotional implications can be overwhelming.  If you are a spouse who has been a stay-at-home parent for a number of years, that stress can be crippling.  It’s vital that having a financial plan in place to ensure that your life will continue, albeit in a much different … Read More