Uncategorized
Tax changes for Small Business Owners – 2018 Budget continues the assault on small business owners
Written by Andrew Noseworthy April 4, 2018 Vice-President CAPCORP Financial Finance Minister Morneau’s 2018 budget continued the string of punitive tax measures aimed at small business owners. While many commentators opined that it wasn’t “as bad as expected”, it still represents more taxation. With all of the rumoured changes, proposed changes and revised changes, […]
Uncategorized
Why choose HealthPlus over other HSA’s?
A Health Spending Account (HSA) is a tool that allows you to pay for 100% of your medical expenses through your business before tax as opposed to paying for them personally with after taxed dollars. This product is an excellent alternative that many business owners have adopted as their choice for paying for employee medical […]
Uncategorized
How a Health Spending Account will save your business money
I want to share a conversation that I had with a friend of mine, who for the sake of this article we’ll name Suzanne. Suzanne is a business owner who founded and successfully runs her own company in Kanata. She has been looking for more ways to be effective with her cash flow and tax […]
Uncategorized
How to use life insurance to protect your small business
By Matthew Chiang Advisor, CAPCORP Financial For a small business, the passing of an owner or key employee can threaten the organization’s very existence. Life insurance can help small businesses guard against the impact of unexpected tragedies, through mechanisms such as Split Dollar Arrangements, Key Person Insurance, Funding Capital Gains Tax on a Business at […]
Uncategorized
Stop paying for your medical and dental expenses personally.
Use HealthPlus and make them a business expense! As a business owner the cost of health and dental coverage can be costly and these expenses can add up quickly. Consider new glasses, contact lenses or even Lasik surgery for your eyes. Throw in some braces for your kids, and before you know it you’ve accumulated over $5000.00 of receipts. […]
