by LJC Insurance | 29-nd+00:00Z-1986 | 2024, Blog, corporate, Family, financial advice, Financial Planning, tax
This year’s tax deadline is April 30, 2024. It’s important to make sure you’re claiming all the credits and deductions you’re eligible for. We’ve separated this article into 2 sections: What’s new for 2023Individuals and FamiliesWhat’s New for 2023Advanced Canada...
by LJC Insurance | 29-st+00:00Z-1986 | Blog, business owners, corporate, Family, financial advice, Financial Planning, incorporated professionals, individuals, personal finances, retirement, tax
On February 28, 2023, the B.C. Minister of Finance announced the province’s 2023 budget. This article highlights the most important things you need to know about this budget.No Changes To Corporate or Personal Tax RatesThere are no changes to the province’s personal...
by LJC Insurance | 29-st+00:00Z-1986 | Blog, business owners, corporate, life insurance
One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way.There are 5 standard methods:SalaryDividendShareholder LoansTransfer Personal AssetsIncome SplittingThere are also unique ways utilizing...
by LJC Insurance | 29-st+00:00Z-1986 | Blog, business owners, corporate, Retirees, rrsp, tax, Tax Free Savings Account
Retirement planning can be a complex process for us all, but if you are the owner of a small business it may can get even more complicated, due to the various factors and circumstances that you have to take into consideration. A common mistake made by small business...