by Wilmot Financial | Aug 31, 2023 | Blog, Business Owners, corporate, Financial Planning
Financial planning for business owners is often two-sided: personal financial planning and planning for the business. Business owners have access to many financial tools that employees do not. Having access to these tools is a great advantage; however, learning about...
by Wilmot Financial | Jun 30, 2023 | 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 Wilmot Financial | May 31, 2023 | Blog, Business Owners, corporate, dental benefits, group benefits, health benefits, insurance
We understand that when looking for employee benefits, you’re looking to do so cost-effectively. But it’s essential to make sure you work with an employee benefits specialist, no matter what the price tag is on your benefits package. We’ll explain...
by Wilmot Financial | Apr 30, 2023 | Blog, Business Owners, Estate Planning, Family, life insurance
Succession Planning for Business OwnersBusiness owners deal with a unique set of challenges. One of these challenges includes succession planning. A succession plan is the process of the transfer of ownership, management and interest of a business. When should a...
by Wilmot Financial | Mar 29, 2023 | 2023, Blog, Business Owners, dental benefits, Family, Financial Planning, Individuals
On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures:New transfer options associated with Bill C-208 for intergenerational transfer.New rules for employee ownership trusts.Changes to how the...
by Wilmot Financial | Mar 24, 2023 | Blog, Business Owners, Individuals, Ontario Only, tax
Ontario 2023 Budget HighlightsOn March 23, 2023, Ontario’s Minister of Finance delivered the province’s 2023 budget. Here are some of the highlights. No Changes To Corporate or Personal Tax RatesBudget 2023 did not change Ontario’s corporate or personal tax...
