by Exceedia Consulting | Sep 30, 2020 | Blog, Business Owners, buy sell
Starting a new business venture can be both exciting and nerve-racking at the same time. The hopes and dreams of success, financial freedom and being your own boss are accompanied by many uncertainties and risks. To add to some of the anxiety, comes the facts: about...
by Exceedia Consulting | Aug 31, 2020 | Blog, Business Owners, corporate, life insurance
One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way.There are 5 standard methods:SalaryDividendShareholder LoansTransfer Personal AssetsIncome SplittingThere are also unique ways utilizing...
by Exceedia Consulting | Aug 3, 2020 | Blog, Business Owners, corporate, health benefits, life insurance, long term care, pension plan, rrsp, Tax Free Savings Account
As a business owner, one of your challenges is learning how to balance between reinvesting into the business and setting money aside for personal savings. Since there are no longer employer-sponsored pension plans and the knowledge that retirement will come...
by Exceedia Consulting | Jul 16, 2020 | Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporate
On July 17th, Finance Minister Bill Morneau announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) that will expand the number of businesses that qualify for the program. The major changes he announced were:”First, we’re proposing to extend...
by Exceedia Consulting | Jul 12, 2020 | Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporate
On July 13th, Prime Minister Justin Trudeau announced the extension of the Canada Emergency Wage Subsidy (CEWS) until December. The Prime Minster stated:”You’ve seen me come out to talk with Canadians about what we’re doing to help you and your...
by Exceedia Consulting | Jun 16, 2020 | 2020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, individuals
CERB Extended 2 more monthsGreat news for Canadians out of work and looking for work. The CERB will be extended another 8 weeks for a total of up to 24 weeks. As the country begins to restart the economy, the Federal government will be making changes to the program to...