A detailed look at financial planning strategies surrounding
professional corporations for doctors, dentists, lawyers, business
owners and other Canadian professionals.
If you're a doctor, a dentist, a lawyer, or a 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 process and the costs to incorporate,
and the likely benefits
- Analyzes the best financial strategy for various situations
- Offers real-world advice on structuring compensation, risk management,
borrowing to invest, and the role of trusts in professionals'
financial plans
- Written by a senior vice president at an independent leading-edge
wealth management firm
Kickstart Your Corporation: The Incorporated Professional's Financial
Planning Coach is essential reading for any professional who has
incorporated and is looking to maximize benefits, and those wanting to
incorporate for the first time with expert guidance.
