Business owners should plan ahead for life in retirement

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 35 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 92%

Business Noticias

People,Value,Hand

Four key things business owners need to do to prepare for a healthy financial future

I remember my first job. I worked for my father, who was a small business owner. My Dad said to me one day: “Tim, there are 35 million people in this country. 15 million retirees, 8.5 million students, 10.4 million government workers, and 1 million in the armed forces. That leaves 100,000 people to do the work. Oh yeah, then there are 85,000 in the hospital and 14,998 in prison. That leaves two people – you and me. And you’re not pulling your weight. So get working.

so it makes sense to understand its value. You can pay a business valuator to do a thorough, detailed calculation, but a simpler and less costly estimate may be all you need. The sale of all or part of your business could be key to the life you want down the road. And taking steps to maximize theCalculate your cash needs

You’ll want to speak with a tax pro about the options, because the tax implications can be different depending on your approach. Keep in mind, however, that you’ll want to take advantage, if possible, of the lifetime capital gains exemption, or LCGE and the Canadian Entrepreneur’s Incentive, or CEI. This incentive becomes available beginning Jan.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 5. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

‘Waste of time and money’: Quebec business owner slams new language rulesQuebec business owners are frustrated over the new language laws coming into effect in 2025.
Fuente: GlobalCalgary - 🏆 50. / 61 Leer más »

The quirky story of an unconventional small business ownerLaura Whitlock is engaged in the creation of alluring murals within their shared space, as well as the development of a mushroom garden.
Fuente: tbnewswatch - 🏆 75. / 51 Leer más »

13 years later: Grateful business owner in search for mystery Saanich womanA phone call 13 years ago with a TELUS support worker changed the life of Robert Baird, and now he wants to say 'thank you'
Fuente: TerraceStandard - 🏆 24. / 68 Leer más »

“I Got Robbed”: Small Business Owner Asks Internet To Help Track Down Influencer Thief“I will tell you right now, I do not think it's her at all.”
Fuente: boredpanda - 🏆 18. / 72 Leer más »

Funny business: How the new owner of Just For Laughs plans to revive a comedy powerhouseSylvain Parent-Bédard wants to recapture the magic, starting with the ComediHa! salue Montréal festival, which will feature comedians Dane Cook and Bobby Slayton
Fuente: globeandmail - 🏆 5. / 92 Leer más »