Each stage of your business life has its own focus and associated needs. Similar to needing a financial plan for your personal life, it is important to utilize planning tools and wealth strategies for your business in order to attain maximum benefits from all your… Read More »Turning Dreaming into Planning
Savings and Pensions RRSP contributions: � Maximum contribution for 2020: $27,230 � Last day for 2020 contribution: March 1, 2021 � Maximum contribution for 2021: $27,830 TFSA contributions: � Maximum contribution for 2021: $6,000 � Last day for 2021 contribution: 31/12/21 � Maximum catch-up contribution… Read More »2021 Key dates, investment info and stats
It is almost always most tax efficient to hold insurance policies corporately. A Dollar Saved is Two Dollars Earned In David Chilton’s book The Wealthy Barber, the character Roy Miller quips “A dollar saved is two dollars earned”. This catchy phrase, adopted and referenced in numerous… Read More »Want to get there quicker?
Financial literacy is an essential life skill. Teaching children how to manage money will help them throughout their lives. Teach Them Well In the song `Greatest Love of All` made popular by the late Whitney Houston, there is a stanza that says “I believe children are our… Read More »Teaching Children About Money
Being financially prepared can improve your health. We all talk about stress, but we are not always clear about what it is. This is because stress comes from both the good and the bad things that happen to us. Stress becomes a problem when we… Read More »Your Health is your Wealth
This is a call to action. Sunday, the New York Times published an article titled “Surviving Covid-19 May Not Feel Like Recovery for Some”. The gist of the article (byline Italy) is that, even for many of those who were not hospitalized with the virus,… Read More »Eye of the Storm.
You know how much you earn, right? Do you actually know how much you spend and on what? Really? Most people are in the dark. Whether you get minimum wage or are a top earner, the challenge is the same. We know what comes in… Read More »Does Money Burn a Hole in Your Pocket?
We are living through extraordinary times. A time of great challenge being met through front line health care workers and first responders to whom we already owe a tremendous debt of gratitude; federal and provincial government initiatives; collaboration between and within businesses and of course… Read More »COVID-19 GOVERNMENT PROGRAMS
Last week we covered the Wealth Life Cycle concept which highlights the continuum that all business owners occupy, from founding to exit and beyond. In this week’s installment we are going to examine the Wealth Cycle attributes of new companies and owners. Those on the left end… Read More »The Wealth Life Cycle – What If? Part II
At Podium Prosperity group we are all about business but in particular we are passionate about small business. All businesses and their owners tend to progress along a continuum. Not always in size beyond the early stages of development but always towards the creation of… Read More »The Wealth Life Cycle Overview – Part I