Should I Pay Myself in Salary or Dividends?20211116182741
Should I Pay Myself in Salary or Dividends?
It comes up in every initial meeting we have with a business owner: the question of salary versus dividends. Both are legitimate ways to draw an income from your corporation, but both have their pros and cons. There’s 3 main ways to pay yourself as a business owner. When it comes to paying yourself from […]...
IP360° Podcast Ep 12: Entrepreneurial lessons from Corinne Bryson, InEx Inc20210720220647
IP360° Podcast Ep 12: Entrepreneurial lessons from Corinne Bryson, InEx Inc
Corinne Bryson is founder and CEO of INEX Inc., a company devoted to creating executor packages and resources that are distributed through funeral homes. Corrine began her entrepreneurship journey 20 years ago and we asked her to join us on the IP360° Podcast to share lessons, stories, and warnings for the next wave of business […]...
Health Spending Accounts: the benefit plan alternative20210720171339
Health Spending Accounts: the benefit plan alternative
An HSA (also called a Private Health Services Plan) is a method to provide medical, dental and vision benefits in a tax efficient manner; it is Canada Revenue Agency-approved (when constructed properly). A corporation can write off 100% of the costs related to its HSA and all expenses are reimbursed tax-free to the employees ....
Interview with Richard Kluska: Exit Strategies Part 2 – Keeping Busy After Exiting20210422184629
Interview with Richard Kluska: Exit Strategies Part 2 – Keeping Busy After Exiting
Exiting a business isn’t a one-size-fits-all situation. Everyone is going to have a different idea of what their ideal retirement looks like. A big issue for many people is that they still aren’t ready for the retired life when it comes time to exit their business. So what are they supposed to do with their […]...
Is the Third Wave ‘Strike Three’ for Small Business?20210422181856
Is the Third Wave ‘Strike Three’ for Small Business?
As Canada finds itself immersed in the third Canadian wave of the COVID-19 pandemic, a multitude of businesses have been locked down again. There’s one pressing question on the minds of business owners everywhere: will Wave Three be Strike Three for small business? It will depend, says the experts. “For some businesses, COVID has provided […]...
Getting what you earned: Converting business values to personal net worth & income20210422174504
Getting what you earned: Converting business values to personal net worth & income
April 22, 2021business strategies, exit strategies, Family office, Finance, financial planning0 comments
With boomers leaving the workforce and retiring in droves, recent stats show that less than 50% of business owners have a clear plan for leaving their business with money in their pocket. Richard Kluska and the team at IP Private Wealth is working to get them back on track. For the past 20+ years, Kluksa […]...
Interview with Richard Kluska: Understanding Exit Strategies20210317142419
Interview with Richard Kluska: Understanding Exit Strategies
When it comes to owning a business, there’s always this little voice in the back of your head wondering what will happen in the future. Will you pass your business down through your family? Will you sell off your business to an investor? How will your business assets translate into a successful life for you […]...
Clip: Exit Strategies20210307212843
Clip: Exit Strategies
At some point, every business owner has to exit, and there are both financial and emotional impacts with that decision. CEO Richard Kluska talks about the first tenements of a successful exit. Listen to the full interview on the IP360° Podcast....