It is far beyond the ability of this short article to list all the problems and solutions regarding this subject. The objective of this paper is to bring awareness to the planning required and the potential problems that accompany poor planning. The following examples will assume that all the situations illustrated below involve one corporation …
Continue reading Business Succession Strategies and Tax Solutions
This year’s federal budget, titled A Plan to Grow Our Economy and Make Life More Affordable, introduce various proposed tax measures that impact both individuals and businesses. With high inflation and a hot housing market, the Liberal-NDP government’s 2022 budget focuses on affordability, housing, defense and reconciliation with Indigenous communities. The following is a short …
From time to time, most business owners will need to borrow money from a bank to help with financing new equipment, a real estate purchase or to smooth out bumps in cash flow. When you do, your bank manager may suggest that you purchase life insurance to pay the debt off should you die. For …
Continue reading 5 Reasons not to Buy Collateral Insurance From a Bank
Charter Wealth Managment 