https://chrisgeldert.ca/wp-content/uploads/2023/03/Federal-2023-budget-highlights.png 250 500 Chris Geldert https://chrisgeldert.ca/wp-content/uploads/2020/05/christopherGeldertLogo5.png Chris Geldert2023-03-29 14:39:072023-03-29 14:39:18Federal Budget 2023 Highlights
Federal Budget 2023 Highlights
On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures: • New transfer options associated with Bill C-208 for intergenerational transfer. • New rules for employee ownership trusts. • Changes to how the Alternative Minimum Tax is calculated. • Improvements to Registered Education Savings Plans. • Expanding access to Registered Disability Savings Plans. • Grocery rebate. • Deduction for tradespeople tool expenses. • Automatic tax filing. • New Canadian Dental Care Plan.
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Ontario 2023 Budget Highlights
On March 23, 2023, the Ontario Minister of Finance delivered the province’s 2023 budget. Our article covers the highlights as follows: • Corporate tax credits. • Indirect tax changes. • Increased healthcare options. • Supporting communities. • Supporting the economy and infrastructure.
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Estate Equalization for Family Business Owners
In the planning of their estates, most parents might prefer to leave their assets in equal shares to their children. Often, the only complication in this scenario could be how to divide up the family home. For owners of a family business, however, the concept of treating the children equally can often be much more problematic. This can especially be the case where one or more children are active in the business while others are not.
https://chrisgeldert.ca/wp-content/uploads/2023/03/alberta-budget-2023.png 250 500 Chris Geldert https://chrisgeldert.ca/wp-content/uploads/2020/05/christopherGeldertLogo5.png Chris Geldert2023-03-01 17:43:012023-03-01 17:43:13Alberta 2023 Budget Highlights
Alberta 2023 Budget Highlights
On February 28, 2023, the Alberta Minister of Finance announced the 2023 budget. We have highlighted the most important financial measures you need to know, with an emphasis on the following: • Tax credits. • Decreased education property tax. • Investing in education, tourism and infrastructure.
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British Columbia 2023 Budget Highlights
On February 28, 2023, the B.C. Minister of Finance announced the 2023 budget. We have highlighted the most important financial measures you need to know: • Tax credit changes. • Increases to the B.C Family Benefit. • Carbon tax changes. • Other important tax changes. • Healthcare and housing spending.
https://chrisgeldert.ca/wp-content/uploads/2022/12/2022-Year-End-Tax-Tips-for-Business-Owners-from-Financial-Tech-Tools-on-Vimeo.png 708 1345 Chris Geldert https://chrisgeldert.ca/wp-content/uploads/2020/05/christopherGeldertLogo5.png Chris Geldert2022-12-06 10:27:132022-12-07 13:32:282022 Year End Tax Tips and Strategies for Business Owners
2022 Year End Tax Tips and Strategies for Business Owners
The end of 2022 is quickly approaching – which means for business owners, it's time to review tax tips and strategies to maximize your benefits.
https://chrisgeldert.ca/wp-content/uploads/2022/08/5-ways-to-withdraw-money-from-your-business.png 300 500 Chris Geldert https://chrisgeldert.ca/wp-content/uploads/2020/05/christopherGeldertLogo5.png Chris Geldert2022-08-15 06:01:452022-08-15 06:01:55Five Ways To Withdraw Money From Your Business In A Tax-Efficient Manner
Five Ways To Withdraw Money From Your Business In A Tax-Efficient Manner
You have worked long and hard to build up your business, and now you are ready to withdraw money from your business' bank account. But you don't want to get hit with a huge tax bill. So here are 5 ways to withdraw money from your business in a tax-efficient manner.
https://chrisgeldert.ca/wp-content/uploads/2022/07/FINANCIAL-PLANNING-for-self-employed-contractors.png 300 500 Chris Geldert https://chrisgeldert.ca/wp-content/uploads/2020/05/christopherGeldertLogo5.png Chris Geldert2022-07-15 06:00:472022-07-15 06:00:56Financial Planning For Self-Employed Contractors
Financial Planning For Self-Employed Contractors
Being a self-employed contractor can bring you a large cash flow and the satisfaction of being your own boss – but it can also make financial planning more complicated than being an employee. When creating a financial plan, Self-employed contractors need to keep a number of items in mind. Read to find out!
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Get Your Corporate Dollars Doing Double Duty
Owners of very successful private corporations are well aware of the importance of cash flow. Many are protective of how they allocate corporate capital so that business ventures are adequately funded and investment opportunities are not missed. The Immediate Financing Arrangement offers an opportunity to provide life insurance coverage and accumulate wealth on a tax-advantaged basis without impairing corporate cash flow.
https://chrisgeldert.ca/wp-content/uploads/2022/04/estatePlanningBO.jpg 810 1440 Chris Geldert https://chrisgeldert.ca/wp-content/uploads/2020/05/christopherGeldertLogo5.png Chris Geldert2022-04-01 08:01:552022-04-01 08:02:26Estate Planning for Business Owners
Estate Planning for Business Owners
What happens when the children grow up and they are no longer dependent on their parents? What happens to your other "baby"- the business? Estate planning for business owners deals with the personal and business assets.