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The O'Keeffe-Basu Group
Home
Our Team
Integrated Planning
Our Holistic Wealth Management Process
For Your Estate & Wealth Protection
For Business Owners
Disciplined Investing
Interesting Reading
Business owners
Financial Planning
Tax & Estate Planning
Market Insights
Contact Us
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Business owners
Advantages of Incorporating Your Small Business
Among the factors to consider in making the decision to incorporate your business (versus operating the business as a sole proprietorship or partnership)are the benefits of incorporation such as limited liability, tax deferral opportunites and the ease of raising capital as well as the implications that incorporation may have for the business.
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Benefits of a Holding Company
Holding companies can be attractive alternative to preserving the profits of a growing business by offering potential tax savings in the form of tax deferral and income splitting opportunities.
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Rethinking RRSPs For Business Owners: Why Taking A Salary May Not Always Make Sense
Traditionally, many Canadian small business owners have been advised to pay themselves enough salary from their corporation to ensure they can maximize their RRSP contributions. This article by Jamie Golombek, Managing Director of Tax and Estate Planning for CIBC challenges this age old practice and suggests that it may be preferable to extract the cash from the corporation in the form of dividends and forgo the RRSP contribution.
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