8 steps to transform your corporate culture
Team leaders are directly responsible for how engaged their team members are. Offering a great benefits package, flexible work schedules, competitive pay and challenging projects is a great start to giving your company the competitive advantage, but it’s only part of the picture.
Giving Back
Donating and redeeming private corporation shares Successful entrepreneurs and other wealthy individuals are increasingly looking at methods of “giving back” to society. Many donors choose… Read More »Giving Back
CLU Comment: The Unique Nature of a Policy Loan
THE UNIQUE NATURE OF A POLICY LOAN A policy loan is a uniquely defined transaction that can only involve a life insurance policy. The Income… Read More »CLU Comment: The Unique Nature of a Policy Loan
The Case for Life Insurance
When it comes to most forms of insurance, many people understand the importance of having coverage.
CLU Comment: Non deductible fines and penalties, Fees paid to a power of attorney, Managing inherent risk is a personal choice, Summer accidents highlight need for estate plans
Non deductible fines and penalties
Fees paid to a power of attorney
Managing inherent risk is a personal choice
Summer accidents highlight need for estate plans
Protecting Estate Values When Your Investments Decline
The total net value of your estate represents what you will leave to your family when you die. After paying off any liabilities, taxes arising at death, last expenses etc., what is left over is what your family will use to maintain the lifestyle that you created for them.
Does your Business Qualify for the Small Business Gains Exemption?
As a business owner, you may be aware that when you dispose of shares in your business you could receive an exemption on all or a portion of the capital gains that ordinarily would be taxable. This is due to the Lifetime Capital Gains Exemption which says that, for 2019, up to $866,9121 of capital gains is exempt from taxation.
The Need for Corporate Life Insurance
Life insurance is used for two general purposes in a private corporation – managing risk and creating opportunities. The risk management function is satisfied as life insurance provides the corporation with a tax-free payment in the event of the death of an owner or someone vital to the success of the business. As life insurance also allows for the tax-sheltered build up of cash value additional planning opportunities are additionally created.
Estate Planning for Business Owners
Writing an estate plan is important if you own personal assets but is all the more crucial if you also own your own business. This is due to the additional business complexities that need to be addressed, including tax issues, business succession and how to handle bigger and more complex estates. Seeking professional help from an accountant, lawyer or financial advisor is an effective way of dealing with such complexities.