Your business succession plan is in place. Now it’s time to optimize your retirement plan, in other words, the sources of income to draw upon first. You’re looking for strategies to ensure that your wealth continues to grow, even in retirement, so that you can leave your loved ones their fair share of an inheritance.

Bâtiment moderne

Ensuring the long-term future of my business

How do I make sure my transfer plan is successful?

Chaises Adirondack bleu sur la plage

Making the most of my retirement

What is my disbursement plan?

Équipe de travail, de différents âges

Preparing my estate

How do I reduce my estate taxes?

The financial risks

Capital gains exemption eligibility criteria.

Unequal distribution of estate among your children.

Poor organization of documents, in the event of death or incapacity.

Underestimation of medical expenses when travelling abroad.

Does this sound similar to your situation?

Let’s discover your financial plan together

Components of financial planning

Personal and family

  1. Marital status
  2. Rights of common-law spouses
  3. Rights and obligations of marriage
  4. Division of family assets
  5. Responsibilities of a liquidator, mandatary, or trustee

Statement of financial position

  1. Tracking of changes in net worth
  2. Evaluate the working capital
  3. Recalibration of gaps between current investor profile and asset allocation
  4. Strategies for budget management
  5. Strategies for debt management

Fiscal status

  1. Analysis of the right time to:
    •  1) Incorporate, 2) create a management company 3) Set up a trust
  2. 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)
  3. Management of passive income to counter the reduction in the business limit

Living benefits

  1. Evaluation of protections against illness and accidents
    • Disability insurance (salary, credit, office expenses)
      1. Buy-back insurance in the event of long-term disability
    • Critical illness insurance
  2. Insurance strategy to address gaps in coverage
    • Revision of legal documents:
    • Protection mandate in case of incapacity.
    • Shareholders’ agreement
  3. Group insurance for your employees

Retirement projections

  1. Evaluation of cost of living, savings capacity, and retirement income sources
  2. 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
  3. Actions to be taken and timetable for closing the distance and reaching your goals
  4. Pension plan for your employees

Situation at death

  1. Analysis of the company’s coverage in the event of death
  2. Insurance strategies for:
    • Redemption of Units in the Event of Death
    • Optimising taxes following death
    • Devolution that would ensure that wishes are respected
  3. Life insurance
  4. Assessment of legal documents
  5. Consistency between preferred transmission and any that might otherwise prevail.
  6. Strategies for ensuring that wishes are respected, optimizing taxes, and controlling bequeathed assets