Open the door to financial confidence.

As a real estate owner, you’ve become skilled at juggling many — sometimes competing — priorities. And chances are, the lines between your personal and professional financial goals often blur as your business aspirations overlap with your individual requirements.

 

We will support your personal and business financial goals such as retirement, paying off debt, or paying less tax. After taking the time to sit down with you to understand your income, wants, needs, business expenses, current assets and liabilities, and insurance policies, we will show you where you stand today, identify opportunities and risks, and recommend a complete plan tailored to your situation to manage your investment, wealth and banking needs — all under one roof.

 

Work with us to: Optimize your portfolio and cash flow management - Know how much you can spend when you’re closing a lot of deals while ensuring you save enough for slow markets - Plan to achieve your retirement vision

Group of Medical Professionals

 

 

1. Manage variable commission-based income.

With income that can vary from month to month or even year to year depending on seasonal fluctuations and long-term market cycles, you need to achieve financial stability. We will create a structured, customized plan to manage your variable commission income that is designed to take on enough risk to grow your assets assertively, while staying conservative enough to preserve your wealth through the next downturn. We’ll also counsel you to build an adequate emergency fund. It’s critical to have a plan in place and the discipline to stick to it.

 

2. Diversify your assets.

As a high-performing agent, you likely earn significant personal income, but it’s tied to the success of the real estate market, leaving you vulnerable to market volatility. We will design a resilient investment plan that allocates your assets across various asset classes, industries, sectors, geographies, and investment styles designed to perform across market environments.

 

3. Minimize your tax bill.

Independent real estate contractors in BC, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia can now incorporate to earn commission income through their professional corporation just as accountants, lawyers, and doctors do. There are compelling benefits, such as: • Deferring personal tax • Tax-effective borrowing • Income splitting • Capital gains exemption • Remuneration flexibility • Asset protection • Paying non-deductible business expenses from the corporation. 

 

5. Manage the challenges of running, scaling and transferring a business.

Working with specialists from the BMO Business Advisory & Succession Planning team, we can help you at every stage of your business cycle and ensure a smooth sale and transition when you’re ready to exit. Our solutions will be closely tailored to your business and personal goals. We can:

  • Bring you access to private and business banking, borrowing, financing, and full wealth planning services, under one roof.
  • Invest the reserve funds in your holding or operating companies or professional corporation.
  • Help you withdraw money tax-effectively from your holding or operating companies.
  • Manage cash flow between your corporate, personal and trust accounts.
  • Manage other complex business challenges and personal wealth planning needs.
  • Guide you through divestiture and succession planning.