An succession planning checklist for business owners.
An estate planning checklist for business owners.
An estate planning checklist for retirees & mature families.
An estate planning checklist for young families.
We’ve put together an infographic outlining the differences between segregated funds and mutual funds.
We’ve put together an infographic outlining the differences between group and self owned life insurance.
We’ve put together an infographic on personally/self owned versus bank owned mortgage life insurance.
This week, our focus is on passive investment income and limiting access to the small business tax rate.
For an advisor if you’re discussing this with a business owner or incorporated professional, here are the key points you should include:
The government is limiting access to the small business tax rate effective January 1, 2019, therefore it’s time to act now and review your situation.
Let’s review the type of assets your corporation currently holds and the treatment of these assets under the new measures.
Look at possible solutions including: Corporately-held life/critical illness insurance, Salary/Dividend payout, Individual pension plans and Deferred capital gains.
The Canadian tax system is based on a self-assessment or honour system, requiring every taxpayer to file an
annual income tax return with the Canada Revenue Agency (CRA), which sets out income earned, eligible expenses, deductions and credits
CLU Comment: Contributions under the Canada/Quebec Pension Plan (C/QPP) and Employment Insurance (EI) change annually.