Leaving a Legacy with your Business: Storybook Ending or House of Horrors?

leaving a legacy

Let’s paint a picture of two very different scenarios when selling your business. As a business owner, you know the hard work and dedication it takes to make your dreams a reality. You have overcome countless obstacles along the way, made sacrifices of time and resources, and failed more times than you’ve succeeded…but through sheer will, perseverance and faith in … Read More

8 Clever Uses of Life Insurance by Business Owners

uses of life insurance

Very few people say they love buying or the process of purchasing life insurance. Who wants to discuss the eventual demise of oneself? Certain situations rely upon life insurance to create an insurgency of cash into a business when weathering the loss of a business owner. There are, however, clever uses of life insurance by business owners that are predicated … Read More

Immediate Financing Arrangement: The Ultimate Don’t Pay Until Later Solution

immediate financing arrangement

We’ve all heard the enticing advertisements, the “Don’t Pay a cent for 24 months” event. When I hear these ads, I think of a Bad Boy or The Brick commercial. There is an incredible opportunity for business owners to do the same thing with financing their life insurance policies. Consider the Immediate Financing Arrangement (IFA); the ultimate don’t pay a … Read More

Wake Up Parents; You Could Lose Your Child to Suicide

child suicide

Last month I was invited to speak to a group of grade 7 and 8 parents about teen mental illness, what I’ve learned of our dealing with Madeline and what we were hoping to accomplish with The Maddie Project. We scheduled a date. I provided a summary of the content, and an agenda was sent out to all parents to … Read More

How Do You Know if You are CRA’s Favourite Target?

CRA's favourite target

No one wants to be in CRA’s cross-hairs.  You may be an unsuspecting victim even if you’ve done nothing wrong.  We’re not talking about people who are guilty of tax evasion or tax avoidance.  Your only criteria may be your marital status.  If you are single, divorced or widowed, then you may be CRA’s favourite and unsuspecting victim.  If you … Read More

8 Tragic Things People Don’t Understand About Losing a Child

losing a child

Earlier this month was Suicide Prevention Day. It’s been more than 6 years since we endured the tragic loss of our beautiful daughter Madeline. Since this tragic event devastated our family’s lives, I have felt a multitude of different emotions ranging from anger, gratitude, helplessness and, of course, inconsolable sadness.I read a blog post by Paula Stephens, “What I Wish … Read More

No One Wakes Up and Suddenly Decides to Become Charitable One Day

become charitable

In the past, I would never describe myself as being particularly charitable. It’s not that I wasn’t compassionate or I was completely selfish, but to be honest, I didn’t think that anything I contributed towards charity would make a meaningful difference. I wasn’t able to write a significant cheque. The other reason, there wasn’t a particular cause that I was … Read More