Business Financial Planning
Bradley Roberts & Associates offer estate, succession and insurance planning services that can suit business owner's financial needs. We assist you with the development of strategies to help protect and preserve the operations of your business during your life and long after you retire.
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Business Checklist (PDF Format)
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Shareholder Agreement Funding
We help you plan for the retirement, disability and death of a corporate shareholder using customized programs of life, disability and critical illness insurances, in combination with investment products, to help protect your company's future. Insurance for Buy-Sell agreements should be reviewed periodically to assure proper funding. Ask us about the unique tax treatment of life insurance proceeds, as it flows into private corporations in Canada
Business Succession Planning
Closely linked to estate planning for the typical business owner is the concept of business succession planning. This is true whether you intend to pass a business onto another generation of your family or where it is some other unrelated person to whom the business will be transferred. At Bradley Roberts & Associates we assist by identifying your succession planning objectives and develop an appropriate plan that helps you achieve those goals on a tax effective basis.
Key Person Insurance Planning
Success of a business is often linked to the special skills, intellectual property , or relationships and contacts of key people. Key person insurance planning may provide capital at critical times when a key person dies, becomes disabled or suffers from a life threatening critical illness. Premiums are not generally tax deductible, but they can be paid with corporate dollars which tend to be more efficient.
Loan Insurance (collateral term)
We provide coverage to protect your personal loans and corporate debt with life insurance, disability insurance and critical illness insurance. There are many advantages to carrying your coverage apart from the traditional creditor insurance sold by banks. The portability, ownership and control of an individual program can empower you with a flexible solution that works and works well!
Capital Dividend Account (CDA) : Follow the link in our Library to the article on Capital Dividend Accounts and discover how the unique treatment opens doors of tax saving opportunities for incorporated business owners.
Executive Benefits
The ability for companies to attract and retain strong executives often depends upon the company's ability to offer competitive compensation packages. A combination of salary, bonuses, pensions and stock options tend to be quite important. But not all executives of the company want an immediate increase in their compensation.
Rather, the objective is to place this compensation increase into pension benefits for future use.
Your competitive package should:
- Minimize after-tax cost of funding the plan
- Minimize administrative costs of the plan
- Encourage valuable employees to remain until their retirement
Ask about the unique treatment of Retire Compensation Arrangements and Individual Pension Plans
www.gblinc Gordon B Lang and Assoc. Consultants and Actuaries
t4041Canada Revenue Agency, forms, publications, and interpretations
