Business owners need to prepare for the unexpected. Here’s what you can do to ensure your company can keep going when you’re not around. You were hit and killed by a bus last night.  How does your business look today?  Will it keep running now that you’re no longer around to oversee it? Are your business, business associates and family facing a chaotic mess? “That all depends on whether or not a business owner or partner has planned for an...

Proposals impacting private corporations   On October 16 and 18, 2017, Federal Finance Minister Bill Morneau released new measures designed to counterbalance the proposals that were previously announced on July 18 of this year. This summary contains highlights of these new announcements and modifications to the previous proposals, which are not yet law. Clients should contact their Investors Group Consultant for information on how these...

The government recently announced that it wanted to change some long-standing tax rules on incorporated business. Here’s how these changes might impact you and your business. Should you incorporate? Until recently, the answer was fairly simple: if you needed to use all the income you made in a given year, then there wouldn’t be much of a tax benefit to incorporating. If some money wasn’t needed for personal use, but rather could be kept inside...

Many entrepreneurs are so focused on their business that they don’t invest outside of their company. But they should. When Brendan Charters started renovation and home building company Eurodale Developments in 2003, he made a promise to himself: he wouldn’t plow all of his assets into his business. Many owners have a lot of their wealth tied up in their companies, but he didn’t want to be exposed to a single sector and company. “The old adage...

Thursday, March 23rd 11am – 12pm 228 Pine Street, Sudbury, ON (Boardroom Entrance) Please RSVP to attend the in-person event: rsvp@normanpiche.ca 705-675-5495   Topics to include: – understanding business income taxes – Best Practices for cash flow – investment options – how to manage expenses – how to protect your income potential – how to put you and your family first Norm will also be available...