Planning for Business Owners
Helping You Protect Your Business, Your Family, and Your Future
Running a business involves more than managing day-to-day operations. Business owners often balance business growth, personal financial goals, family responsibilities, and long-term planning—all at the same time.
Whether you are self-employed, operate a small business, or own an incorporated company, your financial strategy should reflect both your business and personal objectives.
We work with business owners across Canada to develop financial strategies that help protect what they have built while preparing for the future. When specialized tax or legal advice is required, we collaborate with accountants, tax professionals, and legal professionals as part of a coordinated planning approach.
Protecting your business from unexpected events is an important part of long-term planning. Depending on your situation, strategies may include protecting key individuals, planning for business continuity, and helping reduce the financial impact of unforeseen events.
Examples include:
For incorporated business owners, your corporation can play an important role in your long-term financial strategy.
We can help you explore approaches for managing corporate assets, preserving wealth, and integrating insurance solutions into your overall financial plan when appropriate.
Topics may include:
Business owners often need to create their own retirement strategy rather than relying on employer-sponsored pension plans.
We help integrate personal and corporate planning to support long-term retirement objectives while considering your evolving financial priorities.
Planning ahead can help make future business transitions smoother while protecting the people who matter most.
Depending on your circumstances, planning may include:
Offering employee benefits can support recruitment, retention, and employee well-being.
Solutions may include:
Every business is different.
Rather than focusing on a single product or strategy, we begin by understanding your business, your personal financial goals, your family, and your long-term vision.
Our role is to help you understand your options and develop a financial strategy that supports your objectives. When appropriate, we work alongside your accountant, tax professional, and legal advisor to help ensure your financial plan is coordinated.
Corporate-Owned Life Insurance is a life insurance policy owned by a corporation rather than an individual. Depending on the planning objectives, it may help support business protection, succession planning, estate planning, or long-term financial strategies for incorporated business owners.
Participating Whole Life Insurance may be considered when a business owner is looking for permanent life insurance protection together with long-term cash value growth. Depending on the circumstances, it may form part of a broader corporate or estate planning strategy. Whether it is appropriate depends on your business objectives and financial situation.
There is no single answer. Depending on your circumstances, personal ownership or corporate ownership may each have advantages and considerations. The appropriate structure depends on factors such as your business, personal financial goals, tax considerations, and estate planning objectives.
For many business owners, personal and business finances are closely connected. Financial planning often considers both together to help balance business growth, family protection, retirement planning, and long-term wealth preservation.
A Canadian-Controlled Private Corporation (CCPC) is a privately owned corporation that is controlled by Canadian residents. Eligible CCPCs may qualify for certain tax advantages under Canadian tax legislation, depending on their circumstances.
A Holding Company (HoldCo) is a corporation that primarily holds investments or business assets rather than conducting day-to-day business operations. Depending on the circumstances, it may be used as part of broader asset protection, succession, or tax planning strategies.
An Operating Company (OpCo) is the corporation that carries out the day-to-day business activities and generates business income.
A Holding Company (HoldCo) typically holds investments or other assets rather than operating the business itself. Depending on the circumstances, it may support long-term financial, succession, or estate planning.
Not every business needs a Holding Company. Whether it is appropriate depends on your business structure and financial objectives.
The Small Business Deduction (SBD) allows many eligible CCPCs to pay a lower corporate income tax rate on a portion of their active business income, subject to current tax rules and eligibility requirements.
Every business owner's situation is unique. Whether you are just starting your business, growing an incorporated company, planning for retirement, or thinking about succession, we are here to help you explore financial strategies that align with your goals.
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