A Challenge for New Clients: How to Choose a Trusted Advisor

If you’re in business for yourself, you have a unique opportunity to build wealth in an asset class that others don’t have: equity in a business enterprise that some day may be sold for millions of dollars. In addition, that business can spin off income for family members that can provide significant tax advantages, done well. Understanding how to realize on this asset requires the help of a trusted financial advisory team. Who should be on that team and how do you find them? This is a challenge your next new business clients may wrestle with. Here are some tips on how you can open discussions to help them:

Summer is here and patio season is in full swing, but it’s the numbers, not the ambiance that ultimately tell the success story! If you have clients who own a restaurant, remind them that they need to take time to pay attention to the numbers side of the business and make sure that staffing up with temporary summer help includes some instruction on reporting their tips to CRA.

It seemed like such a simple question: Do you think Canadian provinces should raise the minimum wage to $15? But our June poll sparked a lively debate and more votes and comments than most. Over 500 of you weighed in and were closely divided on the topic, with 42% saying yes and 58% saying no.

"The height of cleverness is to be able to conceal it." - François, Duc de La Rochefoucauld

Imagine you have a client who is five or six years away from retirement, manages a small yet successful consulting firm with ten employees, and is married with two grown-up kids. He’s thought about retirement and the idea of finding a successor for his business, but overall, he’s been pretty non-committal.

If you’re able to join us in Kelowna on Sunday, November 5, you won’t want to miss our visit to the beautiful and unique Summerhill Pyramid Winery! It’s the largest certified organic vineyard in Canada and was named “Canadian Wine Producer of the Year” in 2009 by the International Wine & Spirits Competition in London, England.

Calling all newcomers, young up-and-comers, career-changers and passionate-for-learning-retirees! Summer is a great time to go back to school and pick up a new skill that will provide you with a new income stream and a new sense of pride.