Come out and join us. I will be available to explain the program to you or answer any questions you may have.
On June 1, 2011 the Windsor-Essex Regional Chamber of Commerce will be hosting its final After Business Event of the Chamber’s fiscal year ( the next Exhibitor event will be in September). The event will be held at the Windsor Club in Downtown Windsor (CIBC Building, 14th FLOOR). Prior to this event commencing at 4 pm the Chamber will be hosting a New Member Welcome.
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Tax Effective Way To Get Money Out Of a Holding Company
Business owners who are banking on the build up of capital in an operating company to help finance retirement are paying much higher taxes than they need to. It is possible to enjoy a tax-free retirement income by setting up a holding company that tax-shelters dividends from the operating company inside a Universal Life policy. Upon retirement, that policy is used as collateral for annual loans that provide a tax-free income.
Building up retirement savings inside a Canadian controlled private operating company exposes the company to higher taxes in two ways. To begin with, all companies pay tax of about 23% on their first $200-thousand of annual profit. But if the company’s non-active business assets, such as GIC’s and other investment, ever total more than 10% of total business assets, the company loses that low tax rate and pays about 45% instead. Secondly, if non-active business income, such as the interest earned on investment, exceed 10% of business income in any year, the company will again lose the lower tax on its first $200-thousand of profit.
Read More at:
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USING INTEREST EARNED ON AN INVESTMENT TO CREATE A PERMANENT GIFT
*Grandparent has an extra $50,000 invested with no need for income
*Interest earned is 6% before taxes (4.3% after taxes)
*Grandparent doesn’t need to grow asset
*5-year-old grandchild is provided with life insurance for future
Read More At:
http://insuranceservices.ca/articles/grandparentslegacy.html
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When it comes to questions about your health, it’s worth getting a second opinion.
Canada’s health experts are among the very best in the world, but Canadians may be surprised to learn that when it comes to reading their pathology reports, it is imperative they seek a second opinion. As a matter of protocol, Best Doctors retests pathology at Centres of Excellence in Canada and the US. If there is a change in pathology, we make sure that all treating physicians involved have access to that new information and to new recommended treatment options based on the change of diagnosis.
Errors in pathology are once again in the news. This time in Windsor, Ontario. Misread pathology has lead to misdiagnoses for many patients. A Best Doctors member from the Windsor area experienced this first hand. Fortunately, he had access to Best Doctors and we retested his pathology. Best Doctors discovered an error had been made in the original pathology test. Using the information from the retest, Best Doctors changed the diagnosis and urged the member to start treatment immediately.
Please visit the link below to hear more stories
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The Chamber of Commerce Insurance Plan is Canada wide, with pooled rates per province and is currently the fastest growing, most stable, and flexible plan in the country today. We can cover as low as one employee or as many as you need.
If you haven’t already had the opportunity to view this plan or have seen this plan in the past, you need to see it again. I have a request a quote page on my website or if you would rather contact me for more information and a personal evaluation of your present group insurance plan please call 519-252-0303.
Some of the most recent benefits of this plan are: Best Doctors, couples rates, plus several other new options make this plan better than ever. Call me to review your benefits today.
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