How women small business owners can fund their retirement without taking on debt

. Get exclusive investment industry news and insights, the week’s top headlines, and what you and your clients need to know.

The focus on contributing to RRSPs from financial institutions’ annual marketing campaigns is usually suited for people who have regular salaries, but may not necessarily work for small business owners, Ms. Wildman says.of only 15.6 percent of Canadian small or medium enterprises That’s because there are alternatives that allow women entrepreneurs – and all small business owners, for that matter – to avoid going into debt, benefit from tax efficiencies, and still contribute to their retirement savings.One option is an Individual Pension Plan , set up in a corporation, says Wilmot George, vice president, tax retirement and estate planning, at CI Investments Inc. in Toronto.

“One of the great things about incorporation is that you accumulate active business income within your corporation,” Mr. George says. “The first $500,000 of active business income in Ontario is eligible forIt can be higher in other provinces such as Saskatchewan, where it’s the first $600,000 of active business income.

Ms. Sutherland says that if a client decides to pay themselves a salary, they will accumulate CPP credits and RRSP contribution room.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Artists, business owners shocked and angry after mural defaced in ChinatownThe artists who created Eight Immortals Crossing the Sea in Vancouver\u0027s Chinatown are used to cleaning up graffiti and tagging on their mural, they\u0027ve done it often since it was created on the side of a building in a back lane between East Georgia and Union streets in 2019. Um. It's Chinatown. East Vancouver. This has always been an issue over 30+ years...same as homelessness... Drug addiction on Hastings St. Painting a mural and gentrificating Chinatown isn't going to stop it
ソース: VancouverSun - 🏆 49. / 61 続きを読む »