by Coulas Insurance Ltd. | Jan 14, 2024 | Blog, business owners, corporate, health benefits, life insurance, long term care, pension plan, rrsp, Tax Free Savings Account
As a business owner, one of your challenges is learning how to balance between reinvesting into the business and setting money aside for personal savings. Since there are no longer employer-sponsored pension plans and the knowledge that retirement will come...
by Coulas Insurance Ltd. | Aug 1, 2022 | Blog, Business Owners, corporate, tax
Five Ways To Withdraw Money From Your Business In A Tax-Efficient MannerYou have worked long and hard to build up your business, and now you are ready to withdraw money from your business’ bank account. But you don’t want to get hit with a huge tax bill....
by Coulas Insurance Ltd. | Mar 3, 2022 | Blog, Business Owners, corporate, life insurance
One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way.There are 5 standard methods:SalaryDividendShareholder LoansTransfer Personal AssetsIncome SplittingThere are also unique ways utilizing...
by Coulas Insurance Ltd. | Dec 1, 2021 | 2021, Blog, Business Owners, corporate
2021 Year-End Tax Tips for Business OwnersNow that we’re approaching the end of the year, it’s time to review your business finances. We’ve highlighted the most critical tax-planning tips you need to know as a business owner.Salary and Dividend MixAs a business owner,...
by Coulas Insurance Ltd. | Oct 1, 2021 | Blog, Business Owners, buy sell, corporate, disability insurance, Group Benefits, health benefits, Insurance, life insurance, travel insurance
For business owners, making sure your business is financially protected can be overwhelming. Business owners face a unique set of challenges when it comes to managing risk. Insurance can play an important role when it comes to reducing the financial impact on your...
by Coulas Insurance Ltd. | Apr 22, 2021 | 2021, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, Debt, Family, financial advice, Financial Planning, incorporated professionals, individuals, personal finances, Professional Corporations, tax
On April 19, 2021, the Federal Government released their 2021 budget. We have broken down the highlights of the financial measures in this budget into three different sections:Business OwnersPersonal Tax ChangesSupplementary HighlightsBusiness OwnersExtending Covid...
