Pro Active Financial Services Ltd. – Page 12

About Pro Active Financial Services Ltd.

This author has not written his bio yet.
But we are proud to say that Pro Active Financial Services Ltd. contributed 147 entries already.

Entries by Pro Active Financial Services Ltd.

2020 BC Budget

February 19, 2020/in 2020 Only, blog/by Pro Active Financial Services Ltd.

BC’s Finance Minister Carole James delivered the province’s 2020 budget on February 18, 2020

Comparing TFSAs and RRSPs – 2020

January 30, 2020/in 2020 Only, blog, Family, Individuals, Investment, Retirees, RRSP, tax, Tax Free Savings Account/by Pro Active Financial Services Ltd.

We examine the difference between RRSP and TFSA in the deposit and withdrawal stage.

RRSP Tax Savings Calculator for the 2019 Tax Year

January 16, 2020/in blog, tax/by Pro Active Financial Services Ltd.

The 2019 RRSP Tax Savings Calculator

2020 Financial Calendar

January 1, 2020/in blog, Business Owners, corporate, Individuals, Investment, RRSP, tax, Tax Free Savings Account/by Pro Active Financial Services Ltd.

Financial Calendar for 2020- All the deadlines you need to know to maximize your benefits!

Business Owners: 2019 Tax Planning Tips for the End of the Year

November 29, 2019/in blog, Business Owners, life insurance/by Pro Active Financial Services Ltd.

If your corporate year end is December 31, it’s a great time to review your business finances. With the federal election over and no major business tax changes for this year, 2019 is a good year to make sure you are effectively tax planning. Please keep in mind that your business may be affected by the recent tax on split income (TOSI) and the passive investment income rules given they came into effect in 2018. These rules can be complicated, please don’t hesitate to consult us and your accountant to determine how this can affect your business finances.

2019 Tax Tips for Employees

November 22, 2019/in 2019 Only, blog, Estate Planning, Family, Individuals, Investment, Retirees, RRSP, tax, Tax Free Savings Account/by Pro Active Financial Services Ltd.

Now that we are nearing year end, it’s a good time to review your finances. With the federal election over and no major tax personal tax changes for this year, 2019 is a good year to make sure you are effectively tax planning.

Understanding the Capital Dividend Account

November 1, 2019/in blog, Business Owners, corporate, Investment/by Pro Active Financial Services Ltd.

Capital Dividend Account (CDA) is a special corporate tax account which gives shareholders designated capital dividends, tax-free. This account is not recorded in the corporation’s taxable accounting entries or financial statements. For this type of account, capital dividend is taken out from paid-in capital and not from retained earnings.

Accessing Corporate Earnings

October 1, 2019/in blog, Business Owners, corporate, life insurance/by Pro Active Financial Services Ltd.

One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way. Please contact us to learn how we can get more money in your pocket than in the government’s.

Financial Advice

September 1, 2019/in blog, Estate Planning, Family, Individuals, Retirees/by Pro Active Financial Services Ltd.

An advisor can help you determine where you are today financially and where you want to go. An advisor can provide you guidance on how to reach your short, medium and long term financial goals.

Succession Planning for Business Owners

August 1, 2019/in blog, Business Owners, Estate Planning, Family, life insurance/by Pro Active Financial Services Ltd.

Business owners deal with a unique set of challenges. One of these challenges includes succession planning. A succession plan is the process of the transfer of ownership, management and interest of a business. When should a business owner have a succession plan? A succession plan is required through the survival, growth and maturity stage of a business. All business owners, partners and shareholders should have a plan in place during these business stages.