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 […]
What is a Family Trust and How Does it Benefit Business Owners?
Setting up a family trust as part of your corporate structure can provide benefits, including asset protection, succession and estate planning, and tax savings. Let’s get into how powerful of a tool a trust can be for business owners. What is a Trust? A trust is a legal arrangement used to transfer the management and […]
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 […]
Should My Spouse be a Shareholder of My Company?
You likely already share a home with your spouse, but should you share your business and make your spouse a shareholder, too? Deciding whether to have your spouse as a joint company owner is a complex decision that depends on various factors. You must consider the nature of your relationship, individual involvement in the business, […]
How to Invest and Save Tax Using Your Corporation
Too many business owners are not properly using their corporations to invest and save tax. The good news is, it’s never too late to start. If you want to get to financial freedom sooner and start doing more of what you love, here are five corporate strategies to maximize your investments and save taxes using […]
Salary vs. Dividends: How to Pay Yourself
Which is suitable for you—salary or dividends? Being incorporated offers countless tax-saving benefits. One of which is the flexibility to decide how you want to pay yourself. You can take control of your finances so your hard-earned money stays with you and your family, not the government. The Difference Between Paying Yourself a Salary vs. […]
The Difference Between an Operating Company, Holding Company, and Family Trust
As a business owner, you can structure your business using an operating company, holding company, and family trust. However, many are unaware of each entity’s different roles and how they fit into your business. In this blog, we will go over the purpose and benefits of an operating company, a holding company, and a family […]
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 Passive Income Tax Rule Explained: How to Invest & Save Tax
Are you aware of how Canada’s passive income tax rule affects you as a business owner? Many business owners are unclear about the confusing nature of the passive income tax rule. Without a proper understanding of the rule, you risk paying too much tax because you’re not optimizing your investment strategy. What is Passive Income? […]
4 Ways to Invest The Extra Cash In Your Corporation
A common problem clients come to us with is not knowing what to do with the extra cash sitting in their corporation. Although having extra cash built up inside your corporation is great, you miss out on opportunities to grow your wealth when it’s just sitting there. What Should You Do With the Extra Cash […]