If you’re a business owner, then you’ve been put on notice that the federal government is coming for you. The Finance Minister’s July 2017 proposal for tax reform takes direct aim at those who operate their business through an incorporated entity and proposes some widespread changes, the likes of which we have not seen in…
Retirement Planning
RRSP vs. Corporate Investing
When working with business owners who are looking to make investments outside of their business, I am often asked whether it is better to use RRSPs and Individual Pension Plans (IPP) to establish retirement savings or whether it makes more sense to leave those funds in one’s corporation for investment purposes. While the answer to this question is often driven by your…
Investing $1Million
If you’ve been a diligent saver, or you have recently inherited some new wealth, then you may find that you have $1million or more to invest. Admittedly, a million dollars isn’t what it used to be, so aside from being a member of the millionaires club, why is this threshold important? Once an investor can boast…