Tailored Solutions

Whether you are a sole proprietor or the owner of a multi-million dollar corporation we can help you identify: the best corporate structure including possible Holdco and Family Trust, the benefits and restrictions of different shareholder classes including TOSI, the importance of shareholder agreements, maximizing Lifetime Capital Gains Exemptions for multiple shareholders including passive versus active income limits, purification strategies, managing double taxation, how passive income impacts your corporate tax rate, salaries versus dividend income, RRSPs vs. IPPs vs. TFSAs vs.Corp Savings vs. IRPs, multigenerational and succession planning, key person insurance, shareholder buy/sell agreements, Immediate Financing Arrangements with Corporate owned Insurance, Insured Retirement Plans, Group Insurance, review of risk management procedures, limited property wills, post-mortem tax planning, and more.

In addition to the expertise listed for Medical Professional Corporations, we can help with guidance on: the benefits of incorporating, if a Holdco makes sense, understanding the passive income clawback on your small business tax rate, the impact of TOSI, paying off debt vs. investing, RRSPs vs. IPPs vs. Corporate Savings vs. the Medicus Pension Plan, the savings, tax and estate benefits of corporate owned whole life insurance, if critical illness insurance makes sense, limited property wills, post mortem tax planning to avoid double taxation.

If you are a Professor or a School Teacher, you need planning. You have a great pension but will it be enough to retire comfortably? Your personal circumstances are unique and the commutation of your pension may prove best. Do you have enough life insurance?  Is your Will up to date? Do you need a retirement plan?

You provide the essential needs for every Canadian. Without you, Canada is not Canada. Even though your products and services provide our most basic and valued needs, your financial needs are perhaps the most complicated of all Canadians. We can help. The most significant benefit you have is to ensure you maximize the Lifetime Capital Gains Exemption for each shareholder where possible. Ensuring the proper structure of intergenerational transfers for succession and retirement planning, understanding eligible Provincial and Federal tax and income stability programs. Establishing the most appropriate corporate structure and considering the benefits of corporate owned life insurance. Using Limited Property Wills, probate planning and ways to mitigate risk will all be discussed.

So this is eventually everyone. Even if we don’t want to retire, death and taxes come for us all. We can help, at least with the taxes and retirement. Let us draft a retirement plan and an estate plan. Let’s make sure your savings are allocated tax efficiently and your Will articulates your actual desires.