Growth
Your business is now profitable. You’re always looking for ways to drive growth, and looking for tailored strategies to help you make the most of your business revenues as they grow. Work-life balance is also an issue for many. You want to optimize allocation of your financial resources between business, personal, and family needs.
Optimizing my growing revenues
Which strategies are best suited to me and my business?
Managing my business risks
How do I tell corporate risks apart from personal risks?
Attracting good employees
When should I start offering benefits?
The financial risks
Poor money management regarding your priorities.
Misunderstanding of available deductions and tax credits.
Underestimation of the impact of a long-term disability.
Too long a delay prior to borrowing, as a driver of growth.
Does this sound similar to your situation?
Let’s discover your financial plan together
Components of financial planning
Personal and family
- Marital status
- Rights of common-law spouses
- Rights and obligations of marriage
- Division of family assets
- Responsibilities of a liquidator, mandatary, or trustee
Statement of financial position
- Tracking of changes in net worth
- Evaluate the working capital
- Recalibration of gaps between current investor profile and asset allocation
- Strategies for budget management
- Strategies for debt management
Fiscal status
- Analysis of the right time to:
- 1) Incorporate, 2) create a management company 3) Set up a trust
- Strategies to reduce the tax burden of the company, by optimizing :
- Fiscality of investments
- Business structure
- Compensation
- Fiscality of business transfer
- The capital dividend account (CDC)
- Management of passive income to counter the reduction in the business limit
Living benefits
- Evaluation of protections against illness and accidents
- Disability insurance (salary, credit, office expenses)
- Buy-back insurance in the event of long-term disability
- Critical illness insurance
- Disability insurance (salary, credit, office expenses)
- Insurance strategy to address gaps in coverage
- Revision of legal documents:
- Protection mandate in case of incapacity.
- Shareholders’ agreement
- Group insurance for your employees
Retirement projections
- Evaluation of cost of living, savings capacity, and retirement income sources
- Strategies to transform your business into retirement capital
- Optimal allocation of savings for retirement
- Individual Pension Plan (IPP)
- Retirement capital disbursement that takes into account social tax programs
- Actions to be taken and timetable for closing the distance and reaching your goals
- Pension plan for your employees
Situation at death
- Analysis of the company’s coverage in the event of death
- Insurance strategies for:
- Redemption of Units in the Event of Death
- Optimising taxes following death
- Devolution that would ensure that wishes are respected
- Life insurance
- Assessment of legal documents
- Consistency between preferred transmission and any that might otherwise prevail.
- Strategies for ensuring that wishes are respected, optimizing taxes, and controlling bequeathed assets