by Small Business Accountants | Oct 3, 2024 | Blog, estate planning, financial advice, tax
A common belief among Canadians is that they will be taxed on money they inherit. However, Canada does not impose an inheritance tax. Instead, after someone passes away, their final tax return must be filed, covering the income they earned up to the date of death. Any...
by Small Business Accountants | Sep 4, 2024 | Blog, disability, Family, investment
Registered Disability Savings Plan (RDSP) ExplainedPlanning for the future financial security of individuals with disabilities is a priority for many families. The Registered Disability Savings Plan (RDSP) is a valuable tool that offers long-term financial security...
by Small Business Accountants | Aug 6, 2024 | Blog, business owners, disability, disability insurance, Family, farmers, financial advice, health benefits, incorporated professionals, individuals, insurance, Professionals
If you cannot work because you are seriously injured or ill, disability insurance will provide you with a monthly, tax-free income to help replace your lost wages. An injury does not have to be as blatant as a broken leg or arm – suffering from chronic pain or...
by Small Business Accountants | Jul 3, 2024 | Blog, business owners, Buy Sell
Why A Buy-Sell Agreement Is Vital For Your BusinessThe purpose of a buy-sell agreement is to establish a set of rules or actions (that are legally binding) for what must happen to a business if one or more of the business owners is no longer involved. Why does my...
by Small Business Accountants | Jun 3, 2024 | Blog, disability, Family, investment, RDSP
It’s not easy living with type 1 diabetes. Most individuals with type 1 diabetes do not consider themselves disabled but carefully manage their condition. However, individuals with diabetes face significant out-of-pocket medical expenses. Did you know that people...
