Life Insurance as an Asset Class

When thinking about your business assets, you might start with the obvious: the physical location of your business, the product or services you sell, and the tools and equipment you use.  But there’s another asset class your business may be overlooking: life insurance. With Cash Value Life Insurance, you can turn corporate dollars into a…

Hiring Your First Employee – Parting Ways

It happens to every business owner: at some point, one of your employees will leave or you may even choose to part ways with an employee through termination.  It isn’t fun to think about the possibility of losing an employee no matter the reason – but it’s imperative to be prepared for when these situations…

Reopening Your Workplace: Welcoming Back Your Employees

As lockdown restrictions begin to lift across the country, many Canadians are looking forward to getting back to business as usual. For many businesses, this entails bringing employees back to the workplace.  But as a business owner, you’re now faced with a tough question: how do you safely navigate reopening your place of business? Most…

Understanding Buy-Sell Agreements

Let’s paint a picture together, shall we? After years of work and hustle, you and your co-owner have created a successful business together. You’ve achieved all that you sought out to do. Sales are sound. You have employees you can depend on. All seems well.  But suddenly – because life is unpredictable and things happen…

Hiring Your First Employee – Annual T4 / RL-1 Reports

You’ve hired your first employee, set them up on a progression plan, and they’re thriving in your small business. Great work! Next, you’ll be responsible for reporting your employee’s income to the government. Enter the T4 (and possibly the RL-1) slip.  T4 slips and tax season in general often brings about a collective sigh –…

Hiring Your First Employee: The Interview and Making an Offer

Okay. You’ve crafted the perfect job posting, populated all major employment boards, and applications have started rolling in.  Once you’ve filtered through your many applicants, you’re ready to start scheduling interviews. Conducting an effective interview will help you select the right person for the job; someone who aligns with the professional demands of the position…

Hiring Your First Employee: Creating a Job Posting

Alright. You’ve thought long and hard about the next step for your business, and realized it’s time to hire your first employee. It’s exciting stuff.  As you embark on your journey for the right candidate, you need to think about the credentials and professional traits you’re looking for in a new hire. Drafting a job…