How to Set Up Your Corporation for Success
Setting up a corporation for your business offers some of the most lucrative financial planning benefits and opportunities. When setting up your corporate structure, you should consider three components: an operating company, a holding company, and a family trust. First Step: Should You Incorporate? If you’re not incorporated, doing so will open up many options […]
Shareholder Loans: What it is and How Does it Work?
Whether you’re the sole business owner or a shareholder in an incorporated partnership, understanding shareholder loans is essential to maximizing the benefits of your corporate structure. In a time when interest rates are increasing, a shareholder loan can be a great option that offers lower interest, more flexibility and control. Let’s dive into what a […]
How to Invest Inside Your Holding Company
You have cash built up inside your holding company, and you’re ready to invest it and make that money work for you, but where do you start? In this blog, we’ll share the best ways to invest inside your holding company and what to invest in. Let’s start with the basics—what a holding company is […]
How Business Owners Can Pay Less Tax in Canada
Stop throwing your hard-earned money away on taxes. Here are five tips to help reduce your corporate tax bill and pay less tax as a business owner in Canada. 5 Ways to Pay Less Tax in Canada One of the challenges with building more wealth personally and in your corporation is getting hit with bigger […]
The Capital Dividend Account Explained for Canadian Business Owners
The Capital Dividend Account is one of the most powerful tools a business owner can use, but very few are using it. This secret notional account could save you millions of dollars in tax. What is a Capital Dividend Account? A Capital Dividend Account (CDA) is generally used by Canadian business owners with a Canadian-Controlled […]