November 6, 2018 Article by Dave Walsh, Rachel Gervais, Peter Routly, Daryl Madukeand Jennifer Dunn BDO Canada LLP On December 13, 2017, the government released new proposals designed to prevent income splitting using private corporations. Originally included as part of the July 18, 2017 private…
by James Burton Nov 2018 The younger generations often get a bad rep for poor financial planning, but they face unique challenges in 2018, according to the managing director of the IFSE Institute. Christina Ashmore is fully behind Financial Literacy Month, which begins today and…
*poll conducted by Environics Research Group The problem is, nearly half don’t intend to consult an advisor before retirement age, they may need help developing an exit strategy—something advisors must proactively address. An IPC poll finds that 42% of Canadian small-business owners are unsure about…
A look at the considerations and different policies By: Suzanne Yar Khan If a small business owner dies or becomes critically ill, the business will likely suffer. That important person might be responsible for growth and revenue. Without her there, how will the business stay…
Consciously deciding to sustain family wealth for the long term is atypical By: Chris Delaney October 2, 2018 As I’ve written before, most planning today ensures that family wealth will be destroyed in three generations. Consciously deciding to sustain family wealth for the long term…
By Erica Alini National Online Journalist, Money/Consumer Global News Canadians won’t be able to buy recreational marijuana until Oct. 17, but investors have already gotten a high from Ottawa’s decision to legalize pot. Cannabis stocks have been among Canada’s best-performing stocks in 2017. Canopy Growth…
July 04, 2018 BDO Tax Advisor Corporate-owned life insurance can provide many benefits for business owners. This article will focus on the use of life insurance inside a corporation to build wealth over the long term. Here are our answers to some key questions you…
MICHAEL BRONSTINE 08/08/2018 “Shirtsleeves to shirtsleeves in three generations” is a common adage in respect of intergenerational transfer of wealth and family businesses. The first generation creates the wealth, the second stewards it and the third consumes it. Sadly, less than 10% of family wealth…
Michael Bronstine & Todd Gotlieb Estate Planning Considerations for Family Business Owners Once you have set your succession plan, you should then ensure that your estate planning goals are coordinated with this plan. When coordinating the estate and succession planning, balance is critical. There are…
by Michael Bronstine Let’s all be very honest with ourselves, we all want to be rich. We want to enjoy the fruits of our labour and live a life that is more fortunate and ultimately extravagant than the average man. We dream of having the…