BUSINESS SOLUTIONS
Unlock tailored financial solutions designed to fuel business growth and stability in Nova Scotia. Whether you're envisioning growth, safeguarding your assets, or protecting your people, we provide the insights and guidance essential to making informed choices. Learn more about our solutions and book a meeting below.
Group Savings
Group Savings
Group employee benefits are comprehensive packages provided by employers to their employees, offering a range of insurances, perks, and retirement plans. These benefits aim to attract and retain talent while promoting the well-being and security of the workforce.
Group Pensions
Group Pensions
Group pensions consist of contributions from both the employer and employee, pooled to invest in retirement funds managed by financial institutions. This collective approach, paired with its tax advantages, supports financial security post-employment.
Individual Pensions
Individual Pensions
The IPP, registered with CRA and sometimes provincial authority, offers a defined benefit based on a formula set upon establishment, generally yielding higher retirement income than RRSPs. An actuary sets annual contributions based on factors like age and past T4 earnings.
Buy/Sell Agreements
Buy/Sell Agreements
Buy/sell agreements facilitate the succession planning of a business in preparation for various events like retirement, death, disability, or voluntary exits. These contracts define valuation and funding methods, ensuring stability during shifts in ownership.
Key Person Insurance
Key Person Insurance
Key person insurance protects businesses from financial loss due to the death or incapacity of a crucial employee. It provides a financial safety net by compensating for lost income or expenses incurred while recruiting a replacement, safeguarding the company's stability.
Salary Continuation
Salary Continuation
A salary continuation plan ensures income for an employee unable to work due to illness or injury, providing continued salary payments during their absence. This plan supports financial stability for employees facing extended health-related leave.
Corporate Asset Transfer
Corporate Asset Transfer
Owners keep surplus capital in their corporation due to personal tax implications. Traditional investments grow but face high corporate taxes. The Corporate Asset Transfer strategy enables the tax-free transfer of locked-in passive assets to shareholders or their estates.
Are You Ready?
Need more info first?
We're here to support your decision-making process. Whether you're weighing your options, seeking clarity, or simply need more details before scheduling a meeting, we're at your service. We understand the significance of making informed choices in business, and we're dedicated to providing the insights and information you require to proceed confidently.
