10 key decisions to maximize your personal and business wealth

Whether you’re already a business owner or thinking about becoming one, the decisions you make will have far-reaching implications. Our guide explains ten key decisions for wherever you may be, on your challenging and rewarding business journey, including:

  • Multiplying the $866,912 lifetime capital gains exemption by adding family members as common shareholders of your company through a family trust.
  • Benefit from the tax-deferral opportunities of the corporate taxation structure – use the additional funds in the corporation to pay off debt, purchase capital assets, acquire investments or fund an insurance policy
  • Greater tax-deductible retirement contributions – by contributing to an Individual Pension Plan instead of a regular RRSP.

Key decision 1: What is the best structure for your business?

Key decision 2: How can you reduce taxes?

Key decision 3: What should you do with surplus cash?

Key decision 4: How can you build employee loyalty?

Key decision 5: How will you reduce your risk?

Key decision 6: What can you do to deal with the unexpected?

Key decision 7: Do you intend to retire from your business?

Key decision 8: Will you sell your business?

Key decision 9: How can you keep your business in the family?

Key decision 10: What will you do once you’ve retired?

Kayte Black, MBA, CFA, CFP

Investment Advisor & Financial Planner

Phone Number905-434-7286
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Business owner's guide

Business owner's guide

Contact us for a free copy of The business owner’s guide to wealth management.