We cannot foresee the future. Your child’s health, lifestyle and career choices later in life may make them uninsurable or subject to higher premiums, but by locking in their insurance rates at an early age for the coverage purchased in childhood, and locking in their health status for future optional insurance purchases, such obstacles can be eliminated altogether and provide them with coverage for life. More…
When famed singer-songwriter Aretha Franklin died, no one could find her will. Her lawyer had urged her to get one completed, especially once she received her pancreatic cancer diagnosis, but she never followed up.
While most Canadians won’t leave as large an estate as Aretha’s, they will probably still have something to leave for their beneficiaries. Regardless of the size of the estate, with no plan in place and no will for direction, the administration of an estate leads to a messy and costly outcome… Read More
It is more blessed to give than receive.
But what if you don’t have an extra million dollars lying around to donate to your favourite charity?
Learn how strategically structuring your life insurance can take care of your business, your family AND benefit worthy causes close to your heart.
Certified coach and author, Elaine Froese, has experienced 40 years of growth in her family business. She’s coached many families through emotional communications and courageous conversations. She has won 3 awards for her work.
Protect your legacy by considering possible conflicts, wills, beneficiaries, and charitable giving. Come learn about Elaine’s tools for talking about tough transition issues.
June 12, 2019
5:30pm Networking and Appetizers
6:00pm-7:00pm Presentation and Conversation
Persephone Theatre – The Backstage
70% of the 816,000* Private Company owners in Canada are planning to sell or pass on their businesses in the next few years. This is a once-in-a-lifetime process for many of them. For most, their future financial security is locked up in the business value. How do they extract some capital? Sell? Transition to employees or family? This short video introduces some “outside of the box thinking” with Owners’ Exit Strategy: The RCA by Continuity
*Data sourced from research undertaken for the PWC Family Business Survey (2018) by Statistics Canada
“No one gives away money as intelligently as they made it” – Andrew Tisch
You’ve achieved financial success and want to give back to your community, but how? Should you give directly to a charity? Or would a Community Foundation be better? And what’s this thing you’ve heard about where people create their own private foundations?
CoraLee Baerg bring clarity to these questions in her article “Choosing the Right Vehicle for a Legacy Gift”
Most business owners have used their Canadian Controlled Private Corporation (CCPC) as a way to build up assets for future pension income. New tax rules make this strategy more difficult. Alternatively, individuals have looked to RRSPs to accumulate for their individual retirement. The Family Pension Plan is a realistic alternative to both the CCPC and RRSP strategies.
Most business owners have used their Canadian Controlled Private Corporation (CCPC) as a way to build up assets for future pension income. New tax rules make this strategy more difficult. Alternatively, individuals have looked to RRSPs to accumulate for their individual retirement. The Family Pension Plan is a realistic alternative to both the CCPC and RRSP strategies. Click here for handout 10 Benefits of the Family Pension Plan
For starters, it’s a lot of work. Unlike cutting a cheque for a charity and walking away with a tax receipt, a private foundation requires a lot of decision-making, governance, administration and upkeep to ensure the giving goes on for decades.
The Hyatt family discovered this for themselves when they decided to set up a private foundation as a way to give back to society and build a philanthropic family legacy…more
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