Podcasts

Ever heard someone say:

"I got a raise, but it pushed me into a higher tax bracket, so I actually make less money now."

That's a myth.

In Canada, only the income that falls into the higher tax bracket gets taxed at the higher rate.

Your entire income doesn't suddenly get taxed more.

So, if you get a raise, you'll still take home more money. The extra income may be taxed at a higher rate, but you're never worse off earning more.

A bigger paycheque is still a bigger paycheque.

👉 Comment "EXIT" below and we'll send you our free Business Exit Score Questionnaire to see how prepared your business is for a future sale or transition.



#TaxPlanning #PersonalFinance #BusinessOwner #FinancialPlanning #Entrepreneurship #WealthPlanning #MoneyMyths #BusinessStrategy #CanadianTaxes #shorts

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Selling to Your Kids Just Got Better…

For years, selling your business to your kids could result in a worse tax outcome than selling to a stranger.

Thankfully, that's changed.

Today, legitimate family business transfers can qualify for the same capital gains tax treatment as a sale to a third party, provided certain conditions are met.

The problem? Many business owners are still making decisions based on outdated information.

If passing your business to your children is part of your exit plan, make sure you're working with the current rules, not the old ones.

👉 Comment "EXIT" below and we'll send you our free Business Exit Score Questionnaire to see how prepared your business is for a future sale or transition.

#BusinessExit #ExitPlanning #FamilyBusiness #SuccessionPlanning #BusinessOwner #TaxPlanning #BusinessTransition #Entrepreneurship #BusinessStrategy #shorts

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Value vs. Price...

"Your fees are really high."

Maybe.

But compared to what?

We're not trying to be the cheapest option. We help business owners avoid costly mistakes and make better decisions.

Because price and value aren't the same thing.

Something can be expensive and still be worth every penny.

And something can be cheap and cost you a fortune.

The real question isn't what it costs. It's what it's worth.


👉 Comment "EXIT" below and we'll send you our free Business Exit Score Questionnaire to see how prepared your business is for a future sale or transition.


#Shorts #BusinessOwner #BusinessExit #ExitPlanning #Entrepreneurship #BusinessStrategy #Leadership #Value #DecisionMaking #WealthPlanning #BusinessGrowth

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Actual planning means:

• Understanding the situation
• Identifying the risks
• Finding the opportunities
• Coordinating the right advisors
• Helping business owners make informed decisions

That's how we do it here.

👉 Comment "EXIT" below and we'll send you our free Business Exit Readiness Assessment to see how prepared your business is for a future sale or transition.


#Shorts #BusinessOwner #BusinessExit #ExitPlanning #BusinessSuccession #BusinessValuation #BusinessGrowth #Entrepreneurship #BusinessStrategy #PrivatelyHeldBusiness #BusinessAdvisory

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Rank What Business Sellers Actually Care About the Most...




#Shorts #BusinessExit #ExitPlanning #BusinessOwner #ExitStrategy #BusinessSale #SuccessionPlanning #BusinessGrowth #Entrepreneurship #BusinessTransition #BusinessValuation #RetirementPlanning #Leadership #SmallBusinessOwner #BusinessAdvisory

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Don't Panic About CRA Installments
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Filed your tax return and received a CRA installment notice?
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You're probably not being penalized.
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If you owed more than $3,000 in tax this year or in either of the previous two years, the CRA may suggest installment payments for the year ahead.
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The catch? Those amounts are based on past income, not necessarily what you'll earn this year.
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If last year included a one-time event like selling a business, selling a property, or taking a large dividend, the CRA's suggested payment may be much higher than necessary.
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Before you pay, talk to your accountant.
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The goal is to make payments based on your expected income, not last year's unusual income.
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The CRA's number is a suggestion. The right number depends on your situation.
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#Shorts #TaxPlanning #CRA #BusinessOwner #CanadianTaxes #FinancialPlanning #SmallBusinessOwner #TaxStrategy #Entrepreneurship #BusinessAdvisory #WealthPlanning

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Three Tests Could Protect Your Tax Exemption…
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Many business owners assume they'll qualify for the Capital Gains Exemption when they sell their business.
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But qualifying isn't automatic.
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Your shares must pass three key tests related to how the company's assets are used and how long you've owned the shares.
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Miss even one of them, and an exemption worth hundreds of thousands of dollars could disappear.
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One of the most common issues? Holding too many passive investments inside the corporation.
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Over time, this can put your company offside without you even realizing it.
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That's why it's so important to review your eligibility well before a sale.
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The month before you sell is usually too late.
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The best time to protect your tax exemption is years before you need it.

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#Shorts #BusinessExit #ExitPlanning #CapitalGainsExemption #TaxPlanning #BusinessOwner #BusinessSale #ExitStrategy #Entrepreneurship #BusinessGrowth #BusinessTransition #WealthPlanning #FinancialPlanning #SuccessionPlanning #SmallBusinessOwner

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The Importance of Early Exit Planning...
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👉 Thinking about selling your business in the next 10 years? Comment "EXIT" and I'll send you our free Business Exit Score Questionnaire to see how prepared your business is for a future sale or transition.
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# Shorts #BusinessExit #ExitPlanning #BusinessOwner #ExitStrategy #BusinessSale #SuccessionPlanning #BusinessGrowth #Entrepreneurship #BusinessTransition #BusinessValuation #RetirementPlanning #Leadership

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Selling your business may be the goal you’ve been working toward for years but have you thought about what comes next? There’s a side of business succession that often gets overlooked, and it has little to do with the financial details.

#Three60Wealth #BusinessOwners #BusinessExit #BusinessSuccession #ExitPlanning #Entrepreneurs #WealthPlanning #RetirementPlanning

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