Mind Your Own Business
According to Statistics Canada, small business are flourishing in Canada with approximately one million companies currently operating with fewer than 100 employees. However, small business owners have unique financial challenges when it comes to succession planning, protecting their assets from creditors, and investing funds to sustain their enterprise through a crisis. Let's take a closer look at one entrepreneur’s situation and examine some important strategies she can implement with the assistance of her financial advisor.
Keep More Money
Too much income for you and your business is a good problem to have. But after you’ve contributed the maximum to your personal and spousal RRSPs, Tax-Free Savings Accounts and other registered investments, how do you invest the extra cash flow and keep growing your personal wealth?
Launching a Business
If you've ever considered starting up a small business later in your working life or when you retire, you're in good company. Since early 2001, the number of small enterprises run by older Canadians has risen by an impressive 35 per cent - by far the fastest growing segment in the small business sector.