Here’s what I want you to consider when thinking about your Corporate Planning. Individuals have a Name, a Date of Birth and a SIN Number. Corporations have a Name, a Date of Incorporation and a BIN Number (Business Identification Number).
Now we all know why we have children but, really, let’s think about it, why do we have Corporations?
In this section, I’m going to cover exactly what ‘Financial Planning’ looks like for a Corporation and what is involved.
I will also explore some of the ‘Tax Benefits’ and what a ‘Succession Plan’ looks like. If you have only been using your Accountant for your ‘Financial Planning’, we definitely need to talk. Let’s learn to use the Tax System to your advantage