Archive for March, 2010

 

Every Family’s Business – Thursday, April 29th, 2010

Saturday, March 27th, 2010

Find out how you can Protect your Family Business Wealth

with a strategy for succession planning

Join us for this Free Informative Seminar:

Presented by: Tom William Deans, PhD.
Intergenerational Wealth Expert & Best-Selling Author of the book,
Every Family’s Business.

Tom’s Unique View of Family Business will Reveal:

  • The common misconceptions about “gifting” a family business.
  • 12 common sense questions for getting your succession plan started – the first step in protecting family relationships and wealth.
  • Strategies to help families arrive at their own unique business succession solution.
  • Why every business must always be for sale and why making your firm’s longevity an overriding business objective will ultimately destroy wealth.

Thursday April 29, 2010
7:45 am – 9:00 am
20 Bay St, 11th Floor
Sign in at reception

Register below or call Brenda at (416) 840-0425 to RSVP

Tom Deans, PhD

tomDeans has been featured in numerous magazines and journals including Profit, Money Sense and Investment Executive. A frequent guest on CBC, MoneyLine and BNN, Deans is a highly sought after international public speaker on succession planning, wealth management and philanthropic giving.

Deans is also the author of the internationally best-selling book, Every Family’s Business. The book reveals 12 questions that have guided the financial fortunes of his family who have founded, operated and sold their businesses for a combined value exceeding $100 million.

By combining humour and his experience, Deans has shown thousands of business owners how to protect the retained earnings in their businesses.
Previously, Deans has worked in banking and in government relations, has been the president of a railway, holds patents and has chaired a federal government committee on tax credits.  Deans earned a BA from Mount Allison University, a MA from McMaster University and a Ph.D. from the University of Warwick (England).

Turn Your Lease Payments into Working Capital – April 13, 2010

Saturday, March 27th, 2010

Turn Your Lease Payments into Working Capital
How the NWFIN Savings and Loan System works for Business Owners

Join us for this Free Informative Seminar:

Tuesday April 13 2010
7:45 am – 9:00 am
20 Bay St, 11th Floor
Sign in at reception

Register Online below or call Brenda at (416) 840-0425

Augusto Hidalgo, MBA, CFP, New World Financial

augustoAugusto founded New World Financial to help Business Owners achieve improve the returns of their capital by teaching conservative capital management practices. His specialized expertise lies in a little known use of savings held within life insurance contracts to create an efficient savings and loan system for the business owner.

Augusto has been a finance professional and consultant for 20 years for global corporations such as IBM and Swiss Reinsurance. He did his postgraduate at Northwestern University and York University.

The Death of the Bonusing Down Strategy

Wednesday, March 24th, 2010

Once upon a time, the corporate tax rate in Ontario was 42%, and taxable income under the small business deduction was taxed at 15%. Bonusing down during those days was a sensible way for a business owner to pay less tax. No longer, says Howard Lerner, Partner at SBLR Accountants LLP. Today the corporate tax rate is down to 35%. As we business owners eagerly await that rate to be further reduced to 25%, it will make more and more tax sense to retain earnings inside our operating companies instead of bonusing them to ourselves.

Circumstances change constantly for business owners. To keep business owners up-to-date, we invite knowledgeable practitioners such as Howard Lerner, to speak at our Business Owners Speaker Series. Howard’s message in this morning’s BOSS event was on tax strategies for business owners.

What does this change mean to Ontario’s business owners? If less business owners bonus down at tax time, they will retain more earnings in their operating companies. Our natural desire to learn more about tax efficiencies under these new circumstances will increase demand for holding companies, family trusts, savings products, and tax consulting, just to name a few.

RIP