Business Owners

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Owning a business has challenges and rewards and ultimately you want to have the best options and protection possible to respect your sweat equity and continue to push for success. There are a lot of advantages in financial planning for business owners in regards to tax advantages and in particular cases broader options to programs that most individuals will have limits for.

Corporate Insured Annuity*

As the owner of a private corporation, you want to make sure that the significant holdings your corporation has accumulated are available to you in the most tax effective manner possible and that there will be enhanced value left for your heirs.

This strategy may be suitable for you if:

• You are a conservative investor and own a private corporation
• Your private corporation has accumulated significant holdings in interest-bearing investments such as bonds, GICs, and the like
• You have been drawing dividend income from your corporation on an annual basis because it is needed to supplement the income you are receiving from other sources
• You are interested in preserving the capital and passing it on to your heirs

Tax-Efficient Cash Management

If you are holding funds in a cash account to avoid earning interest and pay taxes there is an alternative. Canada's tax regime for small to medium size enterprises makes Canadian Controlled Private Corporations an extremely attractive planning and investment vehicle for incorporated professionals and private business owners. I can offer a comprehensive set of strategies along with assistance from an accountant that specializes in this market to get the most from the complex tax rules that govern investment and distribution of incorporated assets.

Group RRSPs

An advantageous way to add value to your employees and gain employee retention is offering a group RRSP savings plan. Administration is simple for plan sponsors and their advisors to create and maintain a sound customized selection of investment funds for any group savings and retirement plan. Training new employees to be productive can be a costly process and this is one idea that is successful in keeping employees.

Individual Pension Plans

Click here to review the Individual Pension Plans section.

Segregated Funds*

Segregated funds are similar to mutual funds but are issued through an insurance company. Advantages to segregated funds generally relate to protection, as follows:

• Death benefit and maturity guarantees
• Ability to bypass probate
• Potential for creditor protection

*Offered through Canaccord Estate Planning Services Ltd.