As a small business owner, you will often face a variety of challenges when planning for the future, such as having no stable income or company retirement plan. These challenges will affect whether you can live a comfortable life after you retire. To tackle these challenges, small business owners should plan early for their retirement. In this article, we will compare traditional and new retirement strategies to help you make the best investment choices.

We are more than halfway through the summer. How's your new year's resolution going? Have you achieved your fitness goal? If yes, congratulations! If no, don't worry. You still have four more months. To help you achieve your fitness goal, I want to introduce the Vitality Program to you. Manulife Vitality can help you start to make little changes today.

Small business owners often ask me how they should pay themselves -  Salary or dividends? In other words, they want to know what the most tax-efficient method of extracting profit from their own companies is. Today we are going to answer this question. This article will discuss the pros and cons of receiving a salary versus dividends and some important non-tax considerations.

You work hard as an entrepreneur. After years of development, your company's earnings have been growing and debt has been reduced. At this point, you may be thinking about how to use the company's funds to invest and pass on the assets effectively. Now we have an excellent strategy to help you solve the above problems.

In 2018, the federal government of Canada revised some rules that had a significant impact on CCPCs. For companies with Passive Investment Income of more than $50,000, they may be required to pay more taxes in accordance with the new regulations. What can we do to avoid paying more taxes? We offer you two strategies.