Should you leave corporate savings in your company? + MORE Mar 1st

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Year-end tax and financial planning considerations + MORE Oct 16th

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Beyond bullion: Smarter ways for Canadians to invest in gold Oct 20th

Gold prices are flying. As of October 17, the spot price of gold is trading at $5,928 per ounce in Canadian dollars, or roughly $4,227 in U.S. dollars. The surge comes on the back of what Wall Street has dubbed “the debasement trade.” In simple terms, this refers to investors reacting to long-t.... More »

Refinancing your mortgage? Here’s why a professional home appraisal is step one Mar 27th

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The MoneySense Find a Qualified Advisor Tool + MORE Nov 6th

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Tesla Stock Jumped 22%. What Market History Says Happens Next. - Barron's + MORE Oct 25th

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I have $1 million accumulated in my corporate account. I don’t need that money for my corporation. What is the best way to take that money out with minimal tax? I’m 39 and I’m not planning to retire soon.—Chris

Withdrawing money from a corporation to invest

One of the first things to identify here, Chris, is your goal behind withdrawing the money from your corporate bank account. If you want to invest it, you can open a corporate investment account and transfer the funds into it. This way, the money stays within the corporation, and it won’t be considered a taxable withdrawal. The personal tax that can be deferred by leaving corporate savings in a corporation can be more than 40%. This is a compelling reason to incorporate your business and to accumulate savings within it.

Given the potential investment income from a $1-million corporate investment account, I should mention that recently introduced corporate tax changes may impact the taxation of your business income after you invest the funds…

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What to Expect from CB’s Upcoming New Innovators SummitCanadian Business’s New Innovators List celebrates 50 homegrown companies that not only excel within their respected market, but bring diversity and resilience to the larger economic landscape in Canada. This month, in partnership with the Business Development Bank of Canada, Aria Wealth Solutions and our friends at AWSM Wine, we’re proud to announce the second New Innovators Summit, an exciting lineup of thought-provoking live and virtual programming with some of Canada’s biggest leaders in business.

Eva Wiese (photograph: Mercedes-Benz)

A Keynote Address on Trust and Leadership With Mercedes-Benz Canada

For the second of two events on March 8, join Eva Wiese, Mercedes-Benz Canada’s first female CEO, for a live Fireside Chat at The Drake Hotel. She’ll be discussing the importance of mentorship in building a great career, leveraging trust to create a powerful and inspired workforce, as well as what’s next for the automotive industry. 6 p.m. EST

A CB Insider Fireside Chat on the Future of Diversity 

It’s a buzzword everyone has heard before—but what does workplace diversity really look like and what does it mean for the evolution of trust in corporate leadership? In conversation with SJC Media’s Jason Maghanoy, Charlene Theodore, chief inclusion officer at McCarthy Tétrault, will be tackling these questions and more in this insightful virtual discussion on March 8…

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