by import | Dec 15, 2015 | Blog, Business Succession Planning, Corporate Insurance
If you are an owner in a family enterprise, you may not be aware that the chances of your business transitioning successfully to the next generation are not very good. This has not changed over the years. Statistics show a failure rate of 67% of businesses succeeding...
by import | Nov 15, 2015 | Blog, Estate Planning, Tax Planning
Estate, trust and tax planners have long favoured testamentary trusts as vehicles to pass along assets to beneficiaries or heirs. A testamentary trust is generally a trust or estate that is created the day a person dies. Commonly, these trusts are established in a...
by import | Oct 15, 2015 | Blog, Corporate Insurance, Estate Planning
If you are the owner of a successful company it is likely that you have retained profits or surplus cash in your corporation. If this is the case, chances are also good that this invested surplus is exposed to a high rate of corporate income tax. If this describes...
by import | Sep 15, 2015 | Blog, Corporate Insurance, Tax Planning
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...
by import | Jul 31, 2015 | Blog, Estate Planning, Life Insurance
Or so the saying goes. This certainly is true in Canada where there is a “deemed disposition” when a taxpayer dies. What this means is that a taxpayer is deemed to dispose of all his or her assets at fair market value immediately preceding death. How does this...
