Kickstart Your Corporation

Mehr zum Buch

This book offers an in-depth examination of financial planning strategies tailored for Canadian professionals, including doctors, dentists, lawyers, and business owners. It emphasizes the importance of incorporating as a means to manage tax obligations effectively. While market fluctuations are beyond control, taxes can be strategically managed through a corporation, making it a vital tool for professionals. Using personal insights, real-life examples, and strategic evaluations, the author guides readers on how to leverage their corporations efficiently. The text serves as a practical resource for controlling tax liabilities and maximizing the advantages of a Professional Corporation. With decades of experience in wealth management, the author provides clear advice on crucial topics such as the incorporation process, investment strategies within a corporation, and optimizing salary and dividend compensation. Additionally, it discusses the valuation of permanent insurance on corporate balance sheets, prudent leverage, and the merits of active versus passive investment management. The book also explores alternative strategies like Capital Gains Strips and Individual Pension Plans. Essential for any professional considering incorporation or seeking to enhance their financial strategy, this guide delivers straightforward advice on structuring compensation, risk management, and the role of trusts in financial planning.