We help Ontario business owners and incorporated professionals move through the full life cycle of their business: building it, strengthening it, optimizing it, and eventually transitioning it on your terms. From tax-efficient compensation and surplus investing to retirement income, succession, and estate planning, we connect your corporate decisions to your personal financial plan—so your business supports the life you want, now and in the future.
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OpCo – Operating Company: The main business entity that runs day-to-day operations and earns active business income.
HoldCo – Holding Company: A separate corporation used to hold investments or retained earnings, often for tax planning, asset protection, or succession.
CDA – Capital Dividend Account: A notional account inside a Canadian corporation that allows certain amounts (like the non-taxable portion of capital gains or some life insurance proceeds) to be paid out as tax-free capital dividends to shareholders.
RCA – Retirement Compensation Arrangement: A special-purpose plan for higher earners that can fund additional retirement benefits beyond RRSP/IPP limits, with specific tax and funding rules.
LCGE – Lifetime Capital Gains Exemption: A Canadian tax provision that allows eligible business owners to shelter up to a legislated lifetime limit of capital gains from tax on qualifying shares (e.g., QSBC shares).
QSBC – Qualified Small Business Corporation (Shares): Shares of a Canadian-controlled private corporation that meet specific asset and activity tests, making them potentially eligible for the LCGE on sale.
DAF – Donor-Advised Fund: A charitable giving vehicle where you make a donation, get an immediate tax receipt, and then recommend grants to charities over time from the fund.
CPP – Canada Pension Plan: Government pension program that provides retirement, disability, and survivor benefits based on your contributions during your working years.
IPP – Individual Pension Plan: A defined benefit pension plan set up for an owner-manager or key employee, often allowing larger, locked-in retirement contributions than an RRSP.
RRSP – Registered Retirement Savings Plan: A tax-deferred investment account that lets you deduct contributions and grow investments tax-sheltered until withdrawal.
RRIF – Registered Retirement Income Fund: The “retirement phase” of an RRSP—used to withdraw income in retirement while the remaining assets continue to grow tax-deferred.
TFSA – Tax-Free Savings Account: A flexible registered account where investment growth and withdrawals are tax-free (contributions aren’t deductible).
CI – Critical Illness (Insurance): Insurance that pays a lump sum if you’re diagnosed with a covered serious illness (e.g., cancer, heart attack, stroke).