Do you believe that the management of cash is of strategic importance to the operation of your business? If yes, then how effective is your current short-term investment program? Do you know with certainty that you are producing maximum returns while keeping within your liquidity requirements and risk profile?
When was the last time you reviewed your retirement plan? Do you know if you have enough money to maintain your current standard of living through retirement with confidence? What are you currently doing in retirement to make sure that the income being produced is as tax efficient as possible?
Do you have a concentrated equity exposure? What happens if a large percentage of your net worth is tied up in this single company and the market takes a nose dive? Are you looking to reduce your risk and raise cash to diversify your portfolio?
Are you converting your non-deductible interest debt to tax-deductible-interest debt?
Are you holding a large cash balance because you want to feel comfortable? If yes, you have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Alternatively, have you been recommended other solutions that allow you to remain within your comfort level and reduce the depreciation in value?
Do you know if your investment portfolio is tax efficient? Are you taking advantage of tax-favorable registered accounts and alternative sources of investment gains to reduce your tax bill?
If you are age 40 or more, collect more than $100,000 of T4 income from your corporation, are you aware of a solution that will provide you with a steady stream of income in retirement and superior tax advantages over RRSPs?
What provisions to you have in place to minimize capital gains tax on your estate? What will happen to your estate if you unexpectedly pass away? Are you comfortable knowing that your wishes will be looked after?
If these questions apply to you and as a result concern you because no one has ever taken the time to inform you of the possible solutions or you are just not sure, please complete the online form to the left of this page and I will contact you shortly if there is an opportunity for us to work together.