Accessing Corporate Earnings
One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way.There are 5 standard methods:SalaryDividendShareholder LoansTransfer Personal AssetsIncome SplittingThere are also unique ways utilizing...
Insurance Planning for Incorporated Professionals
For incorporated professionals, making sure your practice is financially protected can be overwhelming. Incorporated professionals face a unique set of challenges when it comes to managing risk. Insurance can play an important role when it comes to reducing the...
Financial Advice for Incorporated Professionals
Financial advice for incorporated professionals is often two-sided- advice for the practice and personal financial advice. A few things to keep in mind for professionals are:Professionals are typically in the highest income tax bracket, therefore incorporating...
What is Critical Illness Insurance?
Nowadays, people survive serious medical issues such as cancer, a heart attack, or a stroke. And while this is good news if a criticalillness happens to you – your recovery may come with costs that you don’t have the money to cover. This is where critical illness...
