Kickstart Your Corporation: The Incorporated Professional's Financial Planning Coach

This book provides financial planning strategies for Canadian professionals, such as doctors, dentists, lawyers, and business owners, to incorporate their businesses. It guides how to control tax bills, set up and invest inside a corporation, optimize salary and dividend compensation, value permanent insurance, use prudent leverage, and consider alternative strategies like a Capital Gains Strip, Individual Pension Plans, and Retirement Compensation Arrangements. Written by a senior vice president at an independent wealth management firm, the book is essential for professionals looking to maximize benefits and those incorporating for the first time.

Format: Hardback
Length: 288 pages
Publication date: 17 December 2020
Publisher: John Wiley & Sons Inc

If you're a doctor, dentist, lawyer, or business owner—virtually any type of professional in Canada—you strongly need to consider how incorporating fits into your financial plan. A good financial planner should acknowledge they have absolutely no control of the markets. However, taxes are completely controllable, and having a corporation is a powerful tool that allows professionals to control their tax bill. Using a mix of personal observations, real-life examples, and strategy evaluations, this book guides the professional along their path to using their corporation in the most efficient way.

Kickstart Your Corporation: The Incorporated Professional's Financial Planning Coach is your practical guide to controlling your tax bill and taking advantage of all that a Professional Corporation has to offer. Drawing upon decades of hands-on experience in wealth management, author Andrew Feindel provides clear and accurate advice on making the incorporation decision, setting up and investing inside your corporation, optimizing your salary and dividend compensation mix, valuing permanent insurance on your corporate balance sheet, using prudent leverage, weighing the pros and cons of active or passive investment management, using alternative strategies like a Capital Gains Strip, Individual Pension Plans, and Retirement Compensation Arrangements, and much more. This must-have book:

Provides Canadian professionals with an accurate and straightforward investment and financial planning guide to incorporation.

Covers the basics of incorporating for the professional and business owner, including a review of the advantages and disadvantages of incorporating.

Explains how to set up and invest inside your corporation to maximize tax savings and growth potential.

Provides strategies for optimizing your salary and dividend compensation mix to reduce taxes and increase your net worth.

Explains how to value permanent insurance on your corporate balance sheet to protect your assets and provide financial security for your family.

Describes how to use prudent leverage to grow your corporation and increase your wealth.

Weighs the pros and cons of active and passive investment management to determine which approach is best for your specific situation.

Explains how to use alternative strategies like a Capital Gains Strip, Individual Pension Plans, and Retirement Compensation Arrangements to maximize your tax savings and retirement income.

Includes real-life examples and case studies to illustrate the practical application of these strategies.

Whether you're just starting out as a professional or you're looking to optimize your existing financial plan, Kickstart Your Corporation: The Incorporated Professional's Financial Planning Coach is the essential guide for controlling your tax bill and taking advantage. Don't miss out on this opportunity to gain the financial freedom and security that comes with incorporating your professional practice.

Weight: 492g
Dimension: 162 x 235 x 30 (mm)
ISBN-13: 9781119709138