Real Life Investment Strategies #4: Business Owners Should Leverage Their Corporation for Retirement Savings

When you're immersed in running a business, thoughts of saving for retirement often take a backseat, Employees in the corporate world may rely on employer pensions, but as a business owner, the responsibility for your retirement falls squarely on your shoulders. Starting your retirement planning early and consistently contributing allows you to benefit from compounding returns to steadily build your nest egg over time. Investing in your retirement can ensure you have the financial means to enjoy life post-retirement, whether it's traveling, pursuing new passions, passing along a little financial freedom to family members, and more. The best advice I can give you is to step back and view these tax changes versus your long-term financial goals, and to avoid making hasty decisions. If there is major tax reform in the next few years, many individuals might find their hasty planning decisions to be very costly. Even with higher capital gains inclusion rates, investing in your corporation still has many advantages. After reading about the ins-and-outs of using your corporation optimally as a savings and withdrawal vehicle, let’s see it all in action with business owners like you…

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Think Smart Podcast – Advisor Series with Financial Advisor Steve Lowrie

Recently, I sat down with Rob McClelland to join an episode of the Think Smart with TMFG podcast. Rob is with McClelland Financial Group of Assante Capital Management. We had a great conversation and I had the opportunity to describe my core business values and strategies on investing including... click through to find out.

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Financial Planning for Business Owners: Tax Planning Strategies for Personal and Small Business Investments

Tax-efficient investing for corporate and taxable assets - how to keep more of the investment income you earn. There are plenty of perks to being your own boss, including the ability to build up tangible assets to invest in your personal portfolio, your corporate accounts, or both. But if you are a small- to mid-sized Canada-controlled private corporation (CCPC) owner, how do you know if you’re managing your personal and corporation investments as tax-efficiently as possible? Let’s take a look at that today.

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Small Business Tax Planning: How Revised Corporate Passive Income Rules Impact Your Corporate Tax Planning

Proactive business owners can manage corporate investments and income for optimal tax efficiency. As a small business owner, you no doubt have active interests in your bottom line. That’s why it’s worth knowing about some recent changes to the tax treatments on corporate passive income.

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Thinking of Selling Your Business? Keep the Most Money and Minimize Taxes

You worked hard to build your business and the corporate assets that it has accumulated. If you plan to sell your business, even if it is 10 years from now, start working now to build a team of experts. You can better protect your financial interests and ensure you leverage all possible corporate financial avenues and tax strategies to retain your business’ value and support your (and your family’s) short-term and long-term financial goals.

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