Tax And Estate Planning
We work with you and your tax advisor to assess what strategies might be effective for maximizing your after-tax income and for ensuring your family’s financial well-being after you have passed. For shareholders of active business corporations, opportunities exist for the reduction of corporate tax by employing tax efficient investment strategies.
Providing a group benefits plan for your employees can help attract and retain good employees. We offer competitive benefits programs that are affordable, easy to manage, and tailor-made to meet the distinct needs of independent Canadian businesses like yours.
Group Retirement Plans
Small businesses represent the fastest growing segment of the Canadian economy. It’s important to recognize the important role retirement plans play in the effort to attract and retain talent. We can work with you to design a plan that works for your business.
Executive And Professional Plans
Are you an executive, professional or business owner looking for tax effective compensation plans? We can provide advice and be instrumental in implementing an Independent Pension Plan (IPP), or Insured Retirement Plan (IRP) using the cash value of a life insurance policy.
Key Person Insurance
Key person insurance protection involves the use of life insurance to create immediate working capital for a business to meet immediate cash needs in the event of the death of a business owner or key executive. The death of such an individual results in the loss of a key member of the management team and can have a severe financial impact. Working with our advisors will determine the right amount of key person insurance.
Buy Sell Agreements And Protection
Ensuring plans are in place for the eventual transfer of your business will help you (or your estate) realize the maximum value for the business and will also help the business survive the transition. This is particularly true in the event of an unplanned exit from the business due to premature death or disability.
A Buy-Sell agreement is simply an agreement for the sale of your business between you (or your estate) and your purchaser. The agreement provides a clear determination of the price and other terms of the sale. An integral part of a succession or a contingency plan is to ensure financing is in place, especially in the event of your death, to fund the purchase and sale of your business. We work with you and other tax and legal professionals to help you put those plans into place.