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
9 Powerful Ways That Philanthropy Can Help to Build Your Brand?
Being altruistic usually means putting the needs of others ahead of your own needs. So discussing how philanthropy can help to build your brand almost comes across as being hypocritical. But being generous and charitable doesn’t mean that you can’t beat your chest a little, especially when it comes to being good corporate citizens and leaders in your community. Here … Read More
No One Wakes Up and Suddenly Decides to Become Charitable One Day
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
10 Ways to Build Wealth in Your Business To Fund Your Exit Strategy
Tips For Business Wealth Management Business owners work hard at perfecting their business to make a living, earn a profit and ultimately sell or transition the business to another group of owners or family members. At the end of the year, our income statements and balance sheets generally indicate whether we were successful. You work incredibly hard to streamline operations, … Read More
The Top 6 Things I Would’ve Done Differently with My First Business
Experience gives us knowledge. Unfortunately, this knowledge can come at a very hefty price. In the case of my Partners and me, it resulted in the bankruptcy of our office furniture business. We did a lot of things right and enjoyed great successes for most of the time I was an owner. We were never afraid of change. In fact, … Read More
Why Philanthropy is a Good Investment: It’s Not Always Obvious
The COVID-19 pandemic added new levels of stress and uncertainty to the lives of most Canadians. No corner of society worldwide has been left untouched by the effects of the pandemic, especially the non-profit sector. The pandemic hit charities on all fronts. The weakening economy cut donations while government restrictions on social gatherings shut down fundraising events. Even as charities … Read More
How the Individual Pension Plan Helps Business Owners Retire Wealthier?
In life and business, failure teaches us some incredible lessons. Many of the ideas that I talk to business owners about today come from the mistakes that I made in my first business. In one breath, I wish that I could have started my current business 20 years ago, however, if I had not experienced the challenges and hardships experienced … Read More
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