News & Blogs

Tax Planning Strategies for Canadian Business Owners
As a Canadian small business owner, particularly in the technology sector, there are a number of strategies available to help minimize your tax liability. By implementing smart strategies, you can optimize your tax situation and help make the most of your financial resources. In this blog post, we will explore key tax planning moves that …

Commonly Missed Tax Deductions
As tax season approaches, many individuals and businesses are scrambling to get their finances in order and file their taxes on time. However, amidst the stress and chaos of tax season, it’s common for taxpayers to overlook some important tax deductions that could save them a significant amount of money. In this blog post, we’ll …

Canadian Tax Planning for Small Businesses
Hello everyone! My name is Brandon, and I’m a financial advisor specializing in financial planning for small businesses in Canada. Since tax return season is coming up soon, I am going to share some tax planning tips that every small business owner should know to optimize their tax savings and reduce their tax liabilities. Tip #1: …

How to Get Funding For Your Business
Whether you are still preparing for your business or have just launched it, I am sure you have great expectations and want it to succeed. The two primary options to get funding for your business are to either leverage business debt financing or fundraise for equity investors. There are pros and cons associated with each method. …

What to Do When the Economy is Bleak
As a recession approaches, the market experiences stagflation, which is a period where stocks are falling and inflation is high. Maintaining a business in difficult economic times can be a challenge. Analyzing your costs and profits can provide some valuable insights into helping you avoid debt.Costs As the revenue growth slows down, it is a good …

Top 5 Common Mistakes Business Owners Make in Financial Planning
Why do nearly 30% of startups run out of funds? When it comes to making financial decisions, there are plenty of opportunities for errors, regardless of how long you have been operating your business. To avoid this demise, business owners must tactfully avoid these five common-but-harmful financial mistakes. This video elaborate the five biggest mistakes business …

Tech Tools for Entrepreneurs
Entrepreneurs wear many hats, especially during the early growth phases. As a result, many new business owners quickly realize that they need to learn entirely new skills to operate a successful and profitable business. Fortunately, thanks to the seemingly endless sea of SaaS tools, there’s never been a better time to start a business. You can …

What’s a Holding Company and When Do You Need One?
Many successful small business owners may eventually find themselves in a financial position where they’re looking to explore new investment opportunities—all while protecting their assets and mitigating risk. Why not start by investing in yourself? One of the best ways to invest in a new opportunity while protecting your personal and business assets, and to mitigate …

Remote or Office: How to Build Culture in Any Work Space with Rachel Chase
This week’s webinar focuses on building office culture with Brandon Chapman of SaaS Wealth Insurance, and Rachel Chase, co-founder and CEO of Zennea Technologies. Together they break down considerations when growing your team, how to set a culture for your business, the style of people culture, compensation packages, ideas for building culture remotely and group …

Are Health Spending Accounts the New Benefits Plans?
In a 2019 study conducted by the Conference Board of Canada, 66% of Canadian organizations are now offering HSA. Does this mean traditional benefit plans are on their way out? An HSA is a great way to supplement a traditional benefits plan and provides flexibility for plan members and their families. Employees value choice, and …

Commonly Missed Tax Deductions
As tax season approaches, many individuals and businesses are scrambling to get their finances in order and file their taxes on time. However, amidst the stress and chaos of tax season, it’s common for taxpayers to overlook some important tax deductions that could save them a significant amount of money. In this blog post, we’ll …

The Pros & Cons of Flow-Through Shares
So…you may be asking: what are flow-through shares? Well, as defined on the Government of Canada website, Flow-Through Shares (FTSs) are shares that certain corporations in the mining, oil, gas, and renewable energy sectors may issue to help finance their exploration and project development activities. The purpose of FTSs is to provide a form of incentive …

Wealth Principles from a Certified Financial Planner
Have you ever wondered how you can go from zero dollars to $100,000 in savings? Well, read more to learn my top tips on how to build wealth: 1. Discover Your Passion The first thing you want to do is to figure out what your career goals are. What drives you in life? What gets you out …

Should You Accept Cash or Stock Options/RSUs?
Did you know that Shopify now provides compensation for their employees in the form of either cash, restricted stock units (RSUs), or stock options?Everyone’s situation is different, but the first question you should ask is, do you believe in the future of the company you work for? Do you believe that the stock prices will …

Canadian Interest Rate Hike
You may have noticed that the Bank of Canada interest rate recently spiked – so what should you do now? What is an overnight rate? An overnight rate is a rate at which the Central Bank lends money to other banks at the end of each day. It’s ultimately a short-term method of predicting the interest …

How to Get Funding For Your Business
Whether you are still preparing for your business or have just launched it, I am sure you have great expectations and want it to succeed. The two primary options to get funding for your business are to either leverage business debt financing or fundraise for equity investors. There are pros and cons associated with each method. …

What to Do When the Economy is Bleak
As a recession approaches, the market experiences stagflation, which is a period where stocks are falling and inflation is high. Maintaining a business in difficult economic times can be a challenge. Analyzing your costs and profits can provide some valuable insights into helping you avoid debt.Costs As the revenue growth slows down, it is a good …

Charitable Giving with Rory Green
Giving to charity is something many of us do, but do we give much thought to why? The wealthy give intentionally to charities that they care about which creates meaningful impact. Everyone can think like in the wealthy in their giving. This webinar focuses on charitable giving with Brandon Chapman of SaaS Wealth Insurance, and gifts …

What does it mean to work with an independent insurance broker?
If you’re looking for insurance, you may be wondering whether it’s better to work with an independent broker or a larger brokerage group. There are pros and cons to both, but ultimately, it comes down to your business goals and what fits your unique needs. Independent insurance brokers are typically smaller operations, which means they can …

When Does It Make Sense to Buy Insurance for Your Business?
You’re healthy now, so there’s no chance you’ll end up severely ill in the future. But there’s a reason these sorts of events are called unthinkable. That’s why if you or your family rely on your business for financial security, you absolutely must look into shareholder or Key Person Insurance.

Smith Maneuver Simplified
What is the Smith Maneuver method and how can it benefit you? Read more to find out… The Smith Maneuver is a legal tax strategy that can make part of the interest on a residential mortgage tax-deductible in Canada. In Canada, we have the principal residence tax exemption, which means the home you live in won’t be subject to …

The Pros & Cons of Flow-Through Shares
So…you may be asking: what are flow-through shares? Well, as defined on the Government of Canada website, Flow-Through Shares (FTSs) are shares that certain corporations in the mining, oil, gas, and renewable energy sectors may issue to help finance their exploration and project development activities. The purpose of FTSs is to provide a form of incentive …

Budgeting Tips for the New Year
So the New Year is coming up, and I’m sure many of you are going to make New Year’s resolutions that will eventually be forgotten within two weeks. I know I have done this way too many times — we’ve all been there! And that’s why today, I want to give you financial resolutions that …

When Should You Buy Your First Home?
The average age of a first-time homebuyer in Canada is approximately 36 years old. While that’s not too old, it’s relatively late compared to the other major milestones in life. For example, the average university graduate in Canada is 25 years old, while the average couple in Canada gets married and starts a family at …

Why Should You Own a Rental Property?
Owning a rental property is possibly a great passive income for many people. Aside from the passive income property owners get from rent, there are more financial benefits to having a rental property. Why should you have rental properties? 1. Mortgage payments Owning a long-term rental property eases the financial stress from paying mortgages because someone else is …

Should You Invest in Cryptocurrencies? A Financial Planners Take
Investing in cryptocurrency has been a hot-button issue since it was first noticed by the investment world. Since then, we’ve seen the price of cryptocurrencies experience massive volatility, the rise of altcoins, asset-backed cryptos, the rise of crypto ETFs and futures, and a continued focus on crypto regulations. The majority of recognized financial institutions have yet …

Smith Maneuver Simplified
What is the Smith Maneuver method and how can it benefit you? Read more to find out… The Smith Maneuver is a legal tax strategy that can make part of the interest on a residential mortgage tax-deductible in Canada. In Canada, we have the principal residence tax exemption, which means the home you live in won’t be subject to …

The First Home Savings Account
Let’s talk about the most important news this year in terms of Canadian housing: the First Home Savings Account. The FHSA is a new account that is now available starting from April 1, 2023. What is the FHSA? The FHSA is a tax-sheltered account created for Canadians to help save money for a downpayment on their first …

When Should You Buy Your First Home?
The average age of a first-time homebuyer in Canada is approximately 36 years old. While that’s not too old, it’s relatively late compared to the other major milestones in life. For example, the average university graduate in Canada is 25 years old, while the average couple in Canada gets married and starts a family at …

Why Should You Own a Rental Property?
Owning a rental property is possibly a great passive income for many people. Aside from the passive income property owners get from rent, there are more financial benefits to having a rental property. Why should you have rental properties? 1. Mortgage payments Owning a long-term rental property eases the financial stress from paying mortgages because someone else is …
When is it a Good Time to Retire?
You may or may not be at the stage of retirement at the moment, but it’s still a thought you should keep at the back of your mind. We all know that the most common retirement age is 65 years old in Canada, but what is the best time for you to retire? DO YOU HAVE …

Budgeting Tips for the New Year
So the New Year is coming up, and I’m sure many of you are going to make New Year’s resolutions that will eventually be forgotten within two weeks. I know I have done this way too many times — we’ve all been there! And that’s why today, I want to give you financial resolutions that …

Saving Money While You’re Travelling
Do you have any travel plans coming up? Here are the following few tips you should know before you begin your trip! 1. Do not exchange money at the airport Although exchanging money at the airport can be very convenient, it typically charges outrageous exchange rates. So to save money, avoid using the currency exchange stalls at …

How We’re Bringing Strong Finances, Staffing, & Wellness to Local Businesses
COVID-19 has drastically shifted the way employers interact with their employees. And as leaders at your company, you’ve likely changed your expectations and objectives for your team. So, what options do you have when it comes to building a healthy workplace culture in the post-pandemic world?

When Does It Make Sense to Buy Insurance for Your Business?
You’re healthy now, so there’s no chance you’ll end up severely ill in the future. But there’s a reason these sorts of events are called unthinkable. That’s why if you or your family rely on your business for financial security, you absolutely must look into shareholder or Key Person Insurance.

When Might a Business Owner Benefit From a Share Restructuring?
There are multiple circumstances in which you might restructure your shares. As a small business owner, however, the likeliest reason to restructure your shares boils down to reducing liability and creating tax efficiencies.

How BC Start-Ups Can Attract Investors With a 30% Tax Credit
How can you convince people to become early investors in your business? The answer is simple. You need to incentivize their investment, which is why the Small Business Venture Capital Program could be the right choice.