Creative Risk Management Planning for your Business

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Many would agree that two of the greatest risks to the sustainability of a business are: not having enough money to keep the company going in times of lower income, and losing the ability to make money. Here are some essential tax-savings & risk management strategies to keep your business going during medical emergencies, save you taxes and leave more money in your pocket.

What are your risks of paying higher taxes in an emergency?

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Your most valuable asset is your ability to earn income. What are the chances of you being unable to work due to accident or illness? What about the risk of paying higher taxes if you're relying on withdrawing RRSPs for additional monies required - to pay for extra medical and non-medical expenses? What about if you have to get extra help or your family has to reduce work hours to help you out?

How to select Mortgage Insurance that gives you more benefits

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See how getting your own coverage gives you & your family more benefits compared to getting Mortgage Insurance from your lender.

1 in 3 Canadians will become disabled before the age of 65

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Having a source to replace your earned income in the event of an illness or accident is vital considering that on average, 1 in 3 Canadians will become disabled for a period of more than 90 days at least once before the age of 65. Having that source be tax-efficient and one that doesn't drain your retirement fund, is also critical to ensure you stay on track and not have to start from scratch when you recover.

CBC Marketplace: In Denial

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An independent CBC special about mortgage insurance from the bank.