The benefit of being small to midsized is that your business may avoid a lot of the technical formalities of a larger corporation. Life Insurance, however, should not be one of these! No matter your business size, income protection is always a good idea.
Ask yourself, for example, in the event of your (the owner’s) death, what would your company be valued at? It may be obvious that you have been making a good living but without you, what is your company worth? It is important to think about the realizable value of your company and how your family/dependants will be supported if you are no longer in the picture
Us too! We have resources, tools and information to help business owners and their team members pay less tax.
Have you ever wondered what the net impact would be on your CPP Benefits depending on when you choose to start withdrawing?
The CPP (or Canadian Pension Plan) allows you to start taking your pension benefits as early as aged 60, or as late as age 70. The earlier you choose to start your payments however, the smaller the payments will be, and regardless of when you start, they will continue for the rest of your life
See our calculator on our link between resource page