Below are some key planning strategies one should investigate if you are a business owner or incorporated professional.
Have you organized your corporate assets to maximize the tax-free benefits of your Capital Dividend Account? (CDA Planning)
Have you investigated the benefits of an Individual Pension Plan (IPP)? The super-sized RRSP that allows tax deductible deposits greater than traditional RRSP limits.
Have you explored the long-term tax benefits of a Family Trust?
Have you explored the “purification process”, to determine if your business will be eligible for the Qualified Small Business Capital Gains Exemption
Have you developed a plan to maximize the after-tax sale-value of your business?
What steps have you taken with your corporate assets to limit the negative impact of Passive Corporate Income Tax Rules?