Steven Beal, CBV, CFA, CGA

Our Tax Toolbox seminar is coming to Ontario on September 18. Join our seminar and gain the skills and knowledge you need to prepare and file tax returns with confidence. Here’s what you can expect: - Deep Dive Sessions: Address daily issues that plague your practice, equipping you with practical solutions. - Legislation Insights: Explore complex legislation and ever-changing regulations to stay ahead of the curve. - Hands-On Learning: Immerse yourself in an in-depth experience that unravels the intricacies of practical tax issues. - Professional Growth: Enhance your skills, expand your network, and gain the confidence to tackle any tax scenario. Topics covered: - 1031 Exchanges of Real Estate - Tax Stuff You Thought You Knew - Stock Options - K-1/K-3 Don't miss out on this invaluable opportunity to expand your Tax Toolbox and take your preparation skills to the next level: https://lnkd.in/eXFEchas #Taxes #Tax #CPA #TaxLaw #Ontario

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David Robbins, it is great to see you sitting down with Paul Andreola to tell the Omni-Lite story. This is a timely introduction as you work towards achieving your stated objectives of doubling revenue every 3-4 years and doubling your profitability. As large owners, we will keenly follow your progress. For those interested in Dave’s presentation, here is the link: https://lnkd.in/e8kytiDP

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Did you know that for each month you delay receiving CPP after age 60, your monthly payment increases by 0.7%? Even if you only defer from age 60 to 65, your CPP payments could be about 40% higher. #retirement #retirementplanning #retirementsavings

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Family Enterprise Canada: Let’s Talk Family Enterprise #Podcast Helping Families Thrive When Business is Personal Ruth Steverlynck sits down with author and advisor to business families, Melissa Mitchell-Blitch, to discuss her book, In the Company of Family: How To Thrive When Business is Personal.

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With the recent budget the government chose to provide selected entrepreneurs with some relief that will help offset the impact of the general increase in capital gains tax. Most of the headlines went to the increase in the lifetime capital gains exemption of $1.25 million per person from approximately $1 million. Less talked about, the Canada Entrepreneurs Incentive will lower the capital gains inclusion rate from 66.7% to 33.3% on the sale of qualifying small business shares. However, qualification for this program is much more narrow then the capital gains exemption -> https://lnkd.in/guMfHWnj

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New Podcast Episode Alert! Did you know that your mindset around money can impact your business? In our latest episode of The Finance Cafe, we're diving into the power of a growth mindset with the amazing Jackie Porter CFP, RWM, EPC Porter! ✨ Discover how shifting your mindset around money can unlock new opportunities for your business. Jackie shares practical tips and actionable advice that you can start implementing today to transform your financial approach. Whether you're aiming to break through financial barriers or take your business to the next level, this episode is packed with insights you won't want to miss! 🎧 👉 Tune in now and start cultivating a growth mindset around money: #WomenEntrepreneurs #BusinessFinance #GrowthMindset #TheFinanceCafe #Podcast

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🌟 Wahoo - Exciting News for Canadian Business Owners! 🌟 Great news! EOT (Employee Ownership Trust) legislation has passed in Canada, offering business owners a fantastic new exit strategy by transitioning their business to their employees. Are you a business owner considering selling your business in the next 3-5 years? Do you have 10+ staff and solid cash flow? Interested in accessing a tax-free gain on up to $10 million of your business value? An EOT might be the perfect solution for you. Already have a form of employee ownership and want to transition to a trust? That’s possible too! Choosing to sell to a locally controlled employee ownership trust keeps local businesses local and jobs local. As a business owner, you get to leave a legacy of a thriving local business that provides good employment opportunities. It's a busy time in the land of Employee Ownership, but there's always time for a chat. Reach out to see what this could mean for you. #EOT #BusinessSuccession #EmployeeOwnership #LocalBusiness #CanadaBusiness #ExitStrategy #LegacyBuilding https://lnkd.in/gfKki_Nu

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Why private investments in Canada are booming right now and what you should know about them.

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Do you want to have a KiwiSaver that is tailored to you? Would you like a professional to help you navigate all the mechanics behind KiwiSaver and help you better understand and position yourself for your retirement? Then look no further!

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I go pretty deep into how the new Canadian Employee Ownership Trust works with Jason M. Pereira, who understands financial planning for business owners as well as anyone. The $10M capital gains tax incentive for business owners who sell their companies to their workers is the entry point into the conversation, but we spend a lot of time on the details, the legacy benefits for owners and tremendous outcomes for workers. It's honestly so gratifying to hear Jason's excitement about employee ownership, and how excited he is about the benefits for workers, communities and the country as a whole. It's exactly the reaction we were hoping for, especially from someone like Jason, whose knowledge is so deep. If you've been curious about how this works, I hope this relatively short (30 mins) podcast is helpful!

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Condo sales across the GTA and Hamilton area continues to struggle with sales in Q2 down 70% from the 20-year average and 66% from Q2 in 2023. Out of all of the launched presale units in 2Q2024, only 17% sold! Due to the lack of sales, there are now over 25,000 units for sale – it seems sellers have not adjusted their expectations down to where demand sits. There are an estimated 10,000+ units being completed in the second half of this year, adding to the supply-demand imbalance. From the Globe and Mail: “In Toronto, the average price per square foot was $1,529 in the quarter ended in June, according to Urbanation. That is more than double the $606 price per square foot in 2014. In the regions surrounding the city, the average price per square foot was $1,153 in the second quarter of 2024, compared with $484 in 2014.” Would you pay over $800k for a 550-sq. ft. condo? To me, that’s a tough value proposition. If you had 20% to put down on that condo, say you got it for $800k even, your mortgage would be $640,000. At 5%, that puts your monthly payment at over $3,700. Plus condo fees, plus taxes, plus…etc… you’re well over $4,200 per month. Compare that to the average monthly rent of a one-bedroom of ~$2,500. The natural justification is that you’re not building any equity while your rent. Note that almost ¾’s of your mortgage payment goes to interest, not equity, for the first 10-years. For renters, you can take that difference ($4,200 - $2,500 = $1,700/mo.) and save/invest it. This simply suggests that prices at these levels are tilting the math towards renting.

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🔔 Attention, everyone! 🔔 My last LinkedIn post was directed to Canadian physicians; however, there are significant change on the horizons that will impact non-doctors. The federal budget proposed increases to the capital gains inclusion rate and this will present challenges for individuals with family cottages and for those with rental properties too. 🏡💼 You may be wondering… Is triggering a capital gain ahead of the June 25th deadline adviseable? How do these changes impact my estate plans? 🛑 Before any action is taken, let’s be sure to think strategically! Now is the time for thorough tax planning and probably a review of your insurance coverages* to ensure that everything aligns properly with your long-term goals. Ready to navigate these changes and bolster your financial resilience? Be sure to connect with an experienced CERTIFIED FINANCIAL PLANNER®. If you are in need of assistance, please feel free to reach out. #SmartMoney This information has been prepared by Ryan Secord who is a Senior Investment Advisor for iA Private Wealth Inc. Opinions expressed in this article are those of the Investment Advisor only and do not necessarily reflect those of iA Private Wealth Inc. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. *Insurance products are provided through iA Private Wealth Insurance, which is a trade name of PPI Management Inc. Only products and services offered through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund.

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You can't take it with you, but you can make sure it goes to the right place. You've worked hard to build your wealth—let Wegmann Dazet ensure it benefits those you love. From estate tax projections and business succession planning to charitable giving strategies, our CPAs are here to guide you through each step. Don’t wait for tomorrow, get started today: https://lnkd.in/eRKYMNt8 #WegmannDazet #CPA #EstatePlanning #SuccessionPlanning

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Tune in to this Week's Episode of The Finance Cafe Podcast where I sit down with Crystal Kelly, CFP® a Certified Financial Planner® and Financial Wellness Coach, to dive deep into the importance of financial planning for women entrepreneurs. In our conversation, Crystal sheds light on the unique challenges faced by women in the entrepreneurial landscape and offers actionable advice to help women prioritize their financial well-being. Here’s what we’ll cover: 🔹 Financial Challenges for Women Entrepreneurs: We delve into the gender pay gap, access to capital, and the impact of the motherhood penalty on women entrepreneurs. 🔹 Empowerment through Financial Literacy: Crystal emphasizes the significance of financial literacy, explaining how understanding options, weighing pros and cons, and knowing the "why" behind financial decisions can empower women to achieve their goals and gain financial security. 🔹 Key Financial Planning Considerations: We discuss essential aspects such as cash flow management, retirement planning, and exit or succession planning. Crystal highlights the importance of setting clear goals for both business and personal finances. 🔹 Leveraging Financial Tools: We explore the benefits of using financial tools, software, and resources to optimize business finances and streamline decision-making processes. Crystal also shares practical tips on how to prioritize financial planning amidst our busy schedules, including a financial wellness assessment that any business owner can take to understand where to start on this journey. This episode offers invaluable insights and practical tips to help you prioritize your financial well-being and set the stage for long-term financial success. Tune in and let's empower each other on this journey! #TheFinanceCafe #WomenEntrepreneurs #FinancialPlanning #FinancialWellness #FinancialLiteracy #Empowerment #Entrepreneurship #Podcast #TuneIn

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This week on The Living Market, Philip discusses the importance of the latest labour stats: https://ow.ly/hH5s50SBqEC Subscribe, rate and review now. #TheLivingMarketPodcast #PhilipPetursson #AshishUtarid #sp500 #stocks #trader #IGWealthManagement #IGLivingMarket #stockmarket

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Are you a dentist facing surprise tax bills? Many dentists haven't planned ahead and are hit with large installments from the CRA. We can help! Learn more about Dental tax planning 👇 https://dentaltax.ca/ #taxtips #taxadvice #ontario #Canadian

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Just finished an interview on the Top Dog Tips podcast. This is for business owners who want to keep their money, grow it, use it and pass it down to their kids without sending 50% to Ottawa. https://lnkd.in/gQraQQJ4

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