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:

Twelve years ago professionals were allowed to incorporate in Canada. Now, huge wealth has accumulated in the retained earnings.

Expertly prepare T2 returns and gain a deeper understanding of the business issues and tax options that underlie the integration of the Canadian T1 and T2 income tax returns. Enrol by June 30 for $395 early bird rate.

Put yourself first – learn how paying yourself first will change your life. Read The One Financial Habit that Could Change Your Life today! Buy 3, Get 1 Free.

Take some time this summer to sharpen your cross border tax knowledge and become prepared to advise affluent baby boomers on how certain actions they pursue on both sides of the border will affect their tax situation. Try a free trial today!

The Financial Assessment Calculator links your client’s trigger questions about life events, financial events, and economic events with changes needed to get the financial results needed now and in the future. See it in action with the following what-if-scenario and then try it for yourself, risk-free!

Budget 2013 included an announcement that the government would be looking into measures to improve the integrity of Canada’s tax system relating to testamentary trusts.