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The federal disaster to small businesses and working class

on Wed, 03/23/2016 - 17:13

"Entrepreneurship and Small Business" series, #9 (#8 Last minute tax saving for corporations; #7 Business budget made easy; #6 The advantage of a business account; #5 How to pay yourself effectively; #4 How to manage your business; #3 Things to consider when you start your business; #2 What you should do before you quit your full time; #1 What needs to be prepared before you start your business) 

The Liberal government tabled their first federal budget on Tuesday by Liberal Finance Minister Bill Morneau. What I think - as a financial advisor for lots of small businesses and working class -

Interview with Hugh Reilly @ThatChannel.com 2

on Sat, 03/15/2014 - 17:55

My interview at Liquid Lunch @thatchannel on ‪Health‬ Spending Accounts for small ‪businesses, Mar 6, 2014

Check out Part 1 of this interview if you are curious about how I became a financial advisor from a newspaper editor :P

What does the federal budget 2013 mean to YOU?

on Sun, 03/24/2013 - 08:47

 

As a financial advisor, I make a point of keeping current with issues that pertain to the financial health of my clients and their families.
 
Last week, Finance Minister Jim Flaherty delivered his federal budget for 2013. Here is an overview of budget highlights that may affect your financial plan.

Small business owners  

Tax on dividends out of your small business corporations will increase about an overall 2%, that is not a very good news, but dividending out your money is still has lower tax rate than having a salary from your corporation.

Release of "What to look out for when running your own business" video

on Sat, 11/10/2012 - 15:33

After a few weeks of compliance reviews and busy schedule, we have finally got the video on the Power Expo done. For more info on TruFinancial at Power Expo, please visit my blog.

 

"What to look out for when running your own business" workshop

 
SUMMARY
 
There are several important factors to consider beforehand, when starting your own business venture, and this Workshop will provide the necessary steps on:
- how to be prepared for your start up
- how to decide whether to be 'Incorporated' or not
- how to get funding for your venture
- how to pay yourself in a tax efficient way
- who to

The Power Expo - A good start

on Fri, 10/19/2012 - 11:09

I have had the pleasure of being involved with a very meaningful event these past 2 days - the Power Expo. The 3 ladies who pulled this event together - Dianne Ojar-Ali, Caroline Dafoe and Loana Morgan - ensured it was an 'admission-free' event, for the sole purpose of adding value and bringing positive change to the lives of those who attended.

The event was held at the Metropolitan Centre Banquet Hall, 3840 Finch Ave E, Scarborough (between Kennedy and Birchmount). The location was easy to find, except that the building was behind St.

What can small businesses learn from Kodak?

on Thu, 01/19/2012 - 15:18

So, Kodak has finally filed bankruptcy…. as much as I feel sad, it is not surprising that it has been struggling for quite a few years…

 

What can small businesses learn from Kodak?

 

Kodak invented the first digital camera back in the 70's, com'on, that's innovative. But not able to follow through is their big mistake. We have to accept that sometimes we do go a few steps ahead compare to the mass market. Slowly and surely the mass market will follow.

Common questions small business owners have... Some advices

on Sat, 11/12/2011 - 15:12

I have been realizing people who want to start their own businesses always have the same questions, especially after attending the Small Business Summit, that feeling had got even stronger. I will try to share what they are.

The 2011 TD Canada Trust Small Business Survey reports out of the 402 business owners they surveyed across Canada think indicated managing cashflow as the most difficult challenge, with staffing (both retaining and hiring) continuing as a major obstacle.

So how do we address that and keep things under control?

1. Build an emergency fund

- normally 6 months' of