BMO Nesbitt Burns
800 Manulife Place
10180 - 101 Street
BMO Nesbitt Burns
Specialized solutions for business owners
Our team enjoys the challenge and complexity of advising business owners. Most of our entrepreneurial clients own family businesses or incorporated medical practices.
Once we obtain a deep knowledge of you and your business or practice, we can:
- Assist with business or practice planning.
- Invest the reserve funds held in your holding or operating companies or professional corporation.
- Consider tax efficiencies.
- Help you to draw money from your holding or operating companies or practice tax-effectively using different strategies.
- Speak with your accountant, working as a team to help you structure your shares to maximize your tax planning.
- Help you to run the business or practice, prepare to sell it, or divest and transition from operating to investing the proceeds.
- Address any other complex business challenges.
We can help you to consider strategies such as:
- An estate freeze to transfer your wealth to your heirs very tax-effectively,
- Corporate class tax deferrals to mitigate taxes in the current year.
- Use insurance solutions as a tax-efficient estate planning tool.
When the time comes to exit your business, we will:
- Prepare your business or practice for sale and plan for a smooth succession to help you get the best possible return for the time and sweat equity you have invested.
- Work with BMO Private Wealth business succession planners, estate planners and business valuation experts to help you find a buyer if you are not transferring the company or practice to a family member.
- Consult with legal and tax advisors to look at your business or practice from all angles and manage your money in the best way possible.
- Help you create a reliable income stream for life from the proceeds of your sale.
- Coach you to transition from driving forward as a business leader or professional to moving actively into the next phase of life.
- Transfer your wealth to your heirs tax-efficiently.
Commercial and Business Banking
Our team has a close relationship with BMO Private Wealth Private Banking professionals. By collaborating with these professionals and integrating their advice into your overall wealth profile, we can help you:
- Connect with the right financing opportunities according to your level of need:
- Business Banking (below $1M)
- Commercial Banking ($1 to $10M)
- Corporate Finance ($10 and over).
- Document and safeguard valuable information to preserve the value and transferability of your company or practice.
- Provide access to the convenience and financial advantages of customized Private Banking, Business Banking, Commercial Banking and BMO Trust Company services.