Congratulations Peter on achieving your FEA designation!

Having the FEA designation leads to deeper relationships with family enterprise clients and a broadened perspective of the issues business families face – including generational transitions.

After completing the year-long Family Enterprise Advisor Program, followed by a rigorous exam process, Peter Andreana was granted the Family Enterprise Advisor (FEA) designation. He joins the ranks of approximately 350 highly skilled, experienced, and educated FEAs across Canada who have demonstrated outstanding competence and practice advising business families.

Business families like yours have complex and unique multi-generational challenges. Enterprising families need guidance and support to structure the unique processes required to succeed, thrive, and build a legacy. The FEA designation means we are better equipped to deliver thoughtful integrated and collaborative decision-making within the family, the business, and the ownership circles.

The FEA designation is a valuable addition to our technical expertise and provides Continuum II Inc. and our clients with a diverse lens that is necessary in supporting a family’s complex continuity needs. And in case you didn’t know, Continuum II Inc. is also a family business founded by Peter’s mother Lise, now retired, and in the office Anita (sister) and Cathy (sister-in-law) work side-by-side every day along with the rest of the team.

Welcome to the 1st ever FEA workshop!

SAVE THE DATE:  Thursday, May 30th - 8am to 3pm
Check-in starts at 7:30am - Breakfast, lunch, and a wealth of great information including meeting materials all for only $50 per person. Feel free to pass this along to your family members, business partners, clients or friends. All are welcome. Get tickets now!

Tax Managed Strategy - Fight the Clawbacks

Tax Managed Strategy - Fight the Clawbacks -- Reduce Line 234

Using life insurance under new passive income rules - by Advisor.ca

Is Your Private Company in Shape for New Tax Rules?

Owners of private companies in Canada may now face more restrictive tax rules. Canada recently enacted changes affecting private corporations, their owners and family members, including a new tax on split income (TOSI) where adult family members are part of income splitting arrangements, and restrictions on the small business deduction (SBD) where a private corporation in a corporate group earns passive investment income. These new tax measures, which were first proposed in July 2017, are now enacted and may present significant challenges for private corporations and their owners. As a result, we recommend that you revisit your tax affairs to ensure they are still effective in light of these changes, if you haven’t already done so.

To read this edition of TaxNewsFlash-Canada, go to: TaxNewsFlash-Canada.

 

 

HR Services by Continuum II

Did you know that Continuum II now offers HR services

Savings Advice

​Nearly one-quarter of retirement income for current retirees comes from, or will come from, company pensions. This is not the case for gen-Xers and subsequent generations. If we can learn anything from current retirees, it is that times have changed.

With reduced employee pension coverage, or none at all, it has put more personal responsibility onto today’s workers to save proactively for their own retirement.

This reinforces the importance of working with a financial planner. A skilled advisor will work with you to build a retirement plan that is unique to you — with whatever you can afford, when you can afford it — to help ensure you are better prepared for the future.

Don't put your retirement on the back burner, talk to us today, and together we can help you build your happy retirement.

Maximize your TFSA

Maximize your TFSA

Studies show that only one in five Canadians have maximized their TFSA contributions.

Do you know how much contribution room you have in your TFSA?

• To see a detailed breakdown of your specific contributions and withdrawals, go to www.canada.ca and log into your registered MyCRA account, or you can call them at 1-800-959-1956
• You are eligible to open a TFSA the year you turn 18

A TFSA allows you to grow your savings tax-free throughout your lifetime.  A TFSA is also an excellent choice if you have contribution room available and you have any non-registered savings where you currently receive a T5 tax slip.  In this case, we suggest you consider moving any non-registered funds into a TFSA each year, up to your contribution limit (if possible), to avoid paying tax on the money in your open account(s).

We are ready to help guide you towards making the best possible financial choices for your lifestyle. Book an appointment today, and together we can plan how to use your TFSA to your benefit.

Don't have a TFSA account? We can open one for you. Contact us at 905.332.6633 or  info@c2inc.com