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Home Posts tagged "Business solutions"

Business solutions

Business Owners: Save up to 30% on health benefits with a PHSP

For incorporated businesses with 1-20 employees, a Personal Health Services Plan is more cost effective than a traditional benefit plan. What does a traditional health and dental plan really cost? For smaller businesses, traditional benefit plan premiums can be a disproportionately large and growing expense that you have to pay every month, whether you makeRead More…

 

When is it time to incorporate your business?

For most businesses, the question is not if, but when, to incorporate. There are many pros and cons of incorporating a small business, depending your individual situation.  But too many businesses fail to revisit the question of whether to incorporate.  As your business matures, and the realities of your legal and tax situations change, askingRead More…

 

Individual Pension Plans (IPP)

An Individual Pension Plan (IPP) is a registered pension plan (RPP) with defined benefits designed for an individual. An IPP is suitable for business owners age 45 and up with T4 earnings of at least $75,000 for at minimum the last two years, who own at least 10% of their company. Advantages of an IPPRead More…

 

Can getting sick trigger a financial crisis?

Despite all we know and love about Canada’s health care system, the answer is yes. The 2013 Sun Life Canadian Health IndexTM explains. Among Canadians who have received a serious health diagnosis, or who have had a bad accident, 40% said the experience caused them some degree of “financial hardship.” According to the 2013 SunRead More…