Retirement Planning for Business Owners
As a business owner, what do I need to know about planning for retirement?
In the past, owners of incorporated businesses have planned for retirement by simply paying a salary high enough to benefit from the maximum RRSP limit. Recent changes to corporate tax rates and the taxation of dividends mean that this may no longer be the best approach. This is why a comprehensive financial plan, and the guidance of a trusted financial advisor is more important now than ever to help business owners navigate and rethink the strategies available to them. If you are unsure whether you or your business are prepared for your future retirement, I would be happy to offer a complimentary second opinion.
Tanya Wilson, BBA, CFP, FCSI, CIM
Portfolio Manager & Certified Financial Advisor