If you have any concerns regarding the topics mentioned below, contact us now for a FREE and NO OBLIGATION consultation to evaluate your unique situation.
As a business owner or professional, you face many challenges—not just in the day-to-day management of your business, but also in ensuring its long-term viability. Most of us, however, spend more time managing the day-to-day than planning for the future.
A key component of the business planning process is risk assessment. A well-thought business plan can provide a cost-effective solution for many situations that could threaten a small business, such as the loss of an owner or a key employee.
Here are some of the options you may want to consider as a business owner:
Getting sick isn’t something any of us like to think about. But it can happen. Treating and coping with illness can mean significant and often unexpected costs—costs that may not be covered by provincial or employee health plans. With critical illness insurance you can:
Most importantly, critical illness is about peace of mind and recovery. It will let you focus on what really matters….getting better.
The disappearance of steady income can pose daunting problems for YOU, YOUR FAMILY and YOUR BUSINESS, both in the short term and long term.
Did you know that one in three people, on average, will be disabled for 90 days or more at least once before they reach age 65? You may have never asked yourself the following questions, but it may be worth exploring if you consider that one of your most valuable assets could be serious impacted if you were to become disabled:
In fact, long-term care insurance provides a monthly benefit if you become functionally dependent and satisfy a waiting period. Functional dependence means that you require substantial assistance with two of six activities of daily living:
The sooner you begin planning, the easier it will be to put money ahead and worry behind:
Registered Retirement Saving Plan have various tax advantages compared to investing outside of tax preferred accounts.
Registered Retirement Income Fund is a tax-deferred retirement plan under Canadian tax law. Individuals use a RRIF to generate income from the savings accumulated under their Registered Retirement Saving Plan (RRSP).
Instead of a single lump sum investment, an insurer makes guaranteed regular income payments to an investor that contains both interest and a return of principal. Annuity payments can continue for the lifetime of one or two people, or for a chosen period of time.
A pension plan is a fixed sum to be paid regularly to a person usually after retirement
Investment is putting money into an asset with the expectation of capital appreciation, dividends, and/or interest earning
A will is a legally enforceable declaration of how a person wishes his or her property to be distributed after death. A will can be quick and easy to produce and will generally cover the following:
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