Private Corporations Financial Planning Application
|
|
|
- Piers Nichols
- 10 years ago
- Views:
Transcription
1 Private Corporation Details Description: Province of Taxation: Province of Incorporation: Corporate End Year: Share Structure *Applies to Share Structure, Outstanding Shareholder Loans to the Private Corporation, Investment Accounts, and Other Assets. Common Shares Preferred Shares Redemption Value per Share: Preferred Automatic Annual Dividend Yield (% of Redemption Value) Type of Dividend (Taxable or n-taxable) Historical Data tional Accounts RDTOH End-of-Year Value for Previous Year: CDA End-of-Year Value for Previous Year: Capital Losses Carryover End-of-Year Value for Previous Year: Before May 23, 1985: After May 22nd, 1985 and before 1988: In 1988 and 1989: After 1989 and before 2000: In 2000: After 2000 and before last year: Divident Refund for Previous Year: Outstanding Shareholder Loans to the Private Corporation Shareholder: Shareholder: Share Holder: Investment Accounts and Subaccounts Description: Market Value: Cost Basis: Annual Fee %: Frequency: Tax Deduction:
2 Pre-Retirement Return Rates Total: Interest Rate: Dividends: Capital Gains: Deferred Growth: Standard Deviation: Reinvest After Tax Income? Retirement Return Rates Total: Interest Rate: Dividends: Capital Gains: Deferred Growth: Standard Deviation: Reinvest After Tax Income? Subaccounts Other Assets Deferred Growth: Standard Deviation: Deferred Growth: Standard Deviation: Deferred Growth: Standard Deviation: Deferred Growth: Standard Deviation:
3 Life Insurance Policies 1. Life Insurance Policy Frequency: Amount: Cease at Age: Cease on Date: 2. Life Insurance Policy Frequency: Amount: Cease at Age: Cease on Date: 3. Life Insurance Policy Frequency: Amount: Cease at Age: Cease on Date: Contributions Inter-Company Dividends Received Inflation: Inflation: Inflation:
4 Shareholder Loans to the Private Corporation Share Purchases Shareholder:: Share Type: Received Amount: Frequency: Inflation: Shareholder: Share Type: Received Amount: Frequency: Inflation: Shareholder: Share Type: Received Amount: Frequency: Inflation: Withdrawals Manual Dividend Distributions Inflation: Inflation: Inflation: Shareholder Loan Repayments Shareholder: Amount: Frequency: Shareholder: Amount: Frequency: Shareholder: Amount: Frequency: Share Redemptions Inflation: Inflation:
5 Inflation: Estate Details Share Options at First Death: Share Options at Second Death: Estate Freeze: Date freeze went into effect:
NAVIPLAN PREMIUM LEARNING GUIDE. Net Worth
NAVIPLAN PREMIUM LEARNING GUIDE Net Worth Contents Investment accounts 1 Learning objectives 1 NaviPlan planning stages 1 Capture lifestyle assets 3 Lifestyle Asset Details dialog box Details section 4
Corporate Insured Retirement Plan. Because successful businesses need security and income
Corporate Insured Retirement Plan Because successful businesses need security and income The Opportunity Business owners who need insurance to Fund a buy-sell agreement between partners of the company
Nonqualified annuities can be classified in a number of ways:
The term annuity refers to any situation where principal and interest are paid out in a series of regular payments. A nonqualified annuity, generally, is an annuity purchased by an individual from a life
The Corporate Investment Shelter. Corporate investments
September 2012 The Corporate Investment Shelter Many successful business owners retire with more assets than they need to live well. With that realization, their focus can shift from providing retirement
INCORPORATING YOUR BUSINESS
INCORPORATING YOUR BUSINESS REFERENCE GUIDE If you are carrying on a business through a sole proprietorship or a partnership, it may at some point be appropriate to use a corporation to carry on the business.
Many individuals hold investment portfolios in
BMO NESBITT BURNS Understanding Personal Holding Companies Many individuals hold investment portfolios in a personal holding company. It is important for these investors to understand the various tax implications
CIFPs 11 th Annual National Conference. Frank Di Pietro, CFA, CFP Director, Tax & Estate Planning. May 2013
Tax & Estate Planning for Business Owners CIFPs 11 th Annual National Conference Frank Di Pietro, CFA, CFP Director, Tax & Estate Planning May 2013 DISCLAIMER The information provided is general in nature
INVESTMENT HOLDING COMPANIES
INVESTMENT HOLDING COMPANIES > RBC DOMINION SECURITIES INC. FINANCIAL PLANNING PUBLICATIONS At RBC Dominion Securities Inc., we have been helping clients achieve their financial goals since 1901. Today,
Sentinel Funds 403(b) Plan Distribution Request
Sentinel Funds 403(b) Plan Distribution Request 1. Name as it appears on the Sentinel 403(b) account: Telephone No: (Required) Sentinel Account Number: (Please note that distributions will only be taken
Retirement Enhancer. A tax-efficient way to enhance your retirement income using universal life insurance
Retirement Enhancer A tax-efficient way to enhance your retirement income using universal life insurance Will you have enough retirement income to fulfil your dreams? Today, many of us are living longer
Power Portfolio a variable annuity issued by Genworth Life Insurance Company
as of November 30, 2012 Power Portfolio 16979 12/01/12 Exp. 01/15/13 '2012 Genworth Financial, Inc. All rights reserved. Page 1 of 9 IMPORTANT INFORMATION The following information is designed to help
insurance solutions isn t static, neither is your business Protect life Corporate collateral loan strategy
Life insurance solutions isn t static, neither is your business Protect life Corporate collateral loan strategy Increase your business cash flow with corporately owned life insurance from Canada Life Business
The owner is usually the purchaser of the policy. However, the owner may also acquire the policy by gift, sale, exchange, or bequest.
Annuity Ownership Considerations What is an annuity owner? What are the owner's rights? Who should be the owner? What if the owner dies? Is the annuity includable in the owner's estate? What risks does
A Story of Guarantees and Financial Versatility
A Story of Guarantees and Financial Versatility Whole Life Insurance A Consumer Brochure for Whole Life Understanding Introduction Whole life is a versatile financial product that provides unique benefits
LEVERAGING A LIFE INSURANCE POLICY
ADVISOR USE ONLY LEVERAGING A LIFE INSURANCE POLICY A GUIDE FOR LAWYERS, ACCOUNTANTS AND INSURANCE ADVISORS Using life insurance as collateral for personal and business planning Life s brighter under the
Personal Retirement Analysis. Jim Sample. for. New Scenario (5/26/2014 4:04:47 AM) Prepared By Neal Frankle Sample Financial Plan
Personal Retirement Analysis for Jim Sample Prepared By Neal Frankle Sample Financial Plan IMPORTANT: The illustrations or other information generated by this report regarding the likelihood of various
Susan & David Example
Personal Retirement Analysis for Susan & David Example Asset Advisors Example, LLC A Registered Investment Advisor 2430 NW Professional Drive Corvallis, OR 97330 877-421-9815 www.moneytree.com IMPORTANT:
Planned Giving Strategies. Charitable Remainder Trusts
Planned Giving Strategies Charitable Remainder Trusts 1 Charitable Remainder Trusts! What is a charitable remainder trust? Immediate charitable receipt Deferred gift to charity Irrevocable gift of capital
TAX PLANNING FOR THE SALE OF YOUR BUSINESS
TAX PLANNING FOR THE SALE OF YOUR BUSINESS REFERENCE GUIDE If you own a corporation that carries on an active business, you may be in a position at some point to consider the sale of your business. This
INCORPORATING YOUR BUSINESS
November 2014 CONTENTS Advantages of incorporation Advantages of an SBC Summary INCORPORATING YOUR BUSINESS If you carry on a business, there are many tax planning opportunities which become available
A Corporate Insured Stock Redemption Buy-Sell Plan
A Corporate Insured Stock Redemption Buy-Sell Plan While the death of a shareholder may have no legal effect on a closely-held corporation, without advance planning there are some very real practical consequences
Retirement Compensation Arrangement
tax efficient retirement planning tool business GUIDELINES Retirement Compensation Arrangement Supplement Retirement Income while providing Tax Deductible contributions RRSPs and Pension Plans provide
Money Stages of Whole Life Your Freedom Guaranteed
Money Stages of Whole Life Your Freedom Guaranteed A Consumer Guide for Illustration Understanding Using Guardian Whole Life Paid-Up at Age 121 Whole Life Insurance Permanent life insurance is designed
The single source for all your executive benefit needs. A Primer on. Nonqualified Deferred
M Benefit Solutions The single source for all your executive benefit needs A Primer on Nonqualified Deferred Compensation Plans DISCLOSURE INFORMATION This material is intended for informational purposes
(*This release is based on an article published in Tax Notes, May 2004, CCH Canadian Limited)
Estate Planning in the 21st Century - Life Insurance: Exploring the Corporate Edge - Part I* By David Louis, J.D., C.A., Tax Partner, Minden Gross and Michael Goldberg, Associate, Minden Gross (*This release
Charitable Trusts. Charitable Trusts
Charitable Trusts Charitable Trusts Gifts to charitable trusts can be during lifetime or at the time of death. Charitable trusts provide an income interest to a person, persons, or charities for a period
Series of Shares B, B-6, E, F, F-6, O B, E, F, O O A, B
No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. The Funds and their securities offered under this Annual Information Form are
SHARING INTERESTS IN A LIFE INSURANCE POLICY
SHARING INTERESTS IN A LIFE INSURANCE POLICY A GUIDE FOR LAWYERS AND ACCOUNTANTS Shared ownership and shared benefit life insurance arrangements Life s brighter under the sun This guide is designed to
Brief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007
MARUHAN Co., Ltd. Brief Report on Closing of (connection) for the Term Ended March 31, 2007 (Amounts less than 1 million yen omitted) 1.Business Results for the term ended on March, 2007 (From April 1,
Flexible Premium Adjustable Life Insurance Policy Illustration
Flexible Premium Adjustable Life Insurance Policy Illustration Prepared for: d Client Prepared by: Sample Sample MetLife 11225 N Community House Rd Charlotte, North Carolina, 28202 Tel: 5555555555 MetLife
ADVANCED ESOP STRATEGIES: OPTIONS AND ALTERNATIVES
Welcome to ADVANCED ESOP STRATEGIES: OPTIONS AND ALTERNATIVES Presented by www.menke.com 1 Today s Agenda Introduction Basic ESOP Transactions Advanced ESOP Transactions Tax Considerations Financing Considerations
Moss Adams Introduction to ESOPs
Moss Adams Introduction to ESOPs Looking for an exit strategy Have you considered an ESOP? Since 1984, we have performed over 2,000 Employee Stock Ownership Plan (ESOP) valuations for companies with as
CANADIAN CORPORATE TAXATION. A General Guide January 31, 2011 TABLE OF CONTENTS INCORPORATION OF A BUSINESS 1 POTENTIAL ADVANTAGES OF INCORPORATION 1
CANADIAN CORPORATE TAXATION A General Guide January 31, 2011 TABLE OF CONTENTS PART A PAGE INCORPORATION OF A BUSINESS 1 POTENTIAL ADVANTAGES OF INCORPORATION 1 POTENTIAL DISADVANTAGES OF INCORPORATION
Chapter 18. Corporations: Distributions Not in Complete Liquidation. Eugene Willis, William H. Hoffman, Jr., David M. Maloney and William A.
Chapter 18 Corporations: Distributions Not in Complete Liquidation Eugene Willis, William H. Hoffman, Jr., David M. Maloney and William A. Raabe Copyright 2004 South-Western/Thomson Learning Taxable Dividends
SOUTHERN CALIFORNIA IBEW-NECA DEFINED CONTRIBUTION PLAN SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS
SOUTHERN CALIFORNIA IBEW-NECA DEFINED CONTRIBUTION PLAN SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement savings in the
THE TAX-FREE SAVINGS ACCOUNT
THE TAX-FREE SAVINGS ACCOUNT The 2008 federal budget introduced the Tax-Free Savings Account (TFSA) for individuals beginning in 2009. The TFSA allows you to set money aside without paying tax on the income
APPENDIX Company Annoucement May 15, 2014, STOCK OPTIONS TO PRESIDENT AND CEO OF ASPOCOMP GROUP PLC
APPENDIX Company Annoucement May 15, 2014, STOCK OPTIONS TO PRESIDENT AND CEO OF ASPOCOMP GROUP PLC ASPOCOMP GROUP PLC STOCK OPTION PROGRAM 1/2014 I. TERMS OF STOCK OPTIONS 1.1 Number of Stock Options
SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS
SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement savings and contains important information you will need before you decide
CORPORATE RETIREMENT STRATEGY ADVISOR GUIDE. *Advisor USE ONLY
CORPORATE RETIREMENT STRATEGY ADVISOR GUIDE *Advisor USE ONLY TABLE OF CONTENTS Introduction to the corporate retirement strategy...2 Identify the opportunity - target markets... 3 Policy ownership: corporate
White Paper: Using Cash Value Life Insurance for Retirement Savings
White Paper: Using Cash Value Life Insurance for Retirement Savings www.selectportfolio.com Toll Free 800.445.9822 Tel 949.975.7900 Fax 949.900.8181 Securities offered through Securities Equity Group Member
EXPLANATION OF DIRECT ROLLOVER OPTION
EXPLANATION OF DIRECT ROLLOVER OPTION You have the right to consider the decision whether or not to elect a direct rollover for at least 30 days after this Explanation is provided to you. This notice explains
Annuities Exam Study Guide
Annuities Exam Study Guide This document contains all the questions that will included in the final exam, in the order that they will be asked. When you have studied the course materials, reviewed the
Chapter 32a Medical Care Savings Account Act
Chapter 32a Medical Care Savings Account Act 31A-32a-101 Title and scope. (1) This chapter is known as the "Medical Care Savings Account Act." (a) This chapter applies only to a medical care savings account
Indexed Annuities. Fixed vs. Indexed Annuities
The term annuity derives from a Latin term meaning annual and generally refers to any circumstance where principal and interest are liquidated through a series of regular payments made over a period of
Base Plan Account Withdrawal
Base Plan Account Withdrawal Purpose of the Form Use this form to choose how you want PERSI to handle the withdrawal of your PERSI Base Plan contributions and interest when you terminate employment with
Guaranteeing an Income for Life: An Immediate Income Annuity Review
Guaranteeing an Income for Life: An Immediate Income Annuity Review The biggest financial risk that anyone faces during retirement is the risk that savings will be depleted...the risk that income will
[LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN. November 1, 2010
![[LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN. November 1, 2010](/thumbs/30/14484201.jpg "[LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN. November 1, 2010")
[LOGO] ROGERS COMMUNICATIONS INC. DIVIDEND REINVESTMENT PLAN November 1, 2010 Rogers Communications Inc. Dividend Reinvestment Plan Table of Contents SUMMARY... 3 DEFINITIONS... 4 ELIGIBILITY... 6 ENROLLMENT...
Maximizing Your Philanthropic Gift: Effective Charitable Giving Strategies Using Your Holding Company
Maximizing Your Philanthropic Gift: Effective Charitable Giving Strategies Using Your Holding Company Canadians are generous people. Every year, thousands of Canadians support the causes they believe in
GENERAL INCOME TAX INFORMATION
NEW YORK STATE TEACHERS RETIREMENT SYSTEM GENERAL INCOME TAX INFORMATION TABLE OF CONTENTS Taxes on Loans from the Annuity Savings Fund 1 (Tier 1 and 2 Members Only) Taxes on the Withdrawal of the Annuity
Income tax rates for Canadian-controlled private corporations (CCPCs) 2012-2013
Income tax rates for Canadian-controlled private corporations (CCPCs) 2012-2013 Federal income tax rates for income earned by a CCPC 1 Small Active Income between $400,000 and General Active General corporate
Variable Annuities 101
WealthMark Advisory Services Philip Scholler President/CEO 5001 Horizons Drive Suite 201 Columbus, OH 43220 614-824-4352 [email protected] www.wealthmarkas.com Inside Workbook: What Is a Variable Annuity?
Do creditor protection concerns exist within the company? Ultimately, who will receive the proceeds of your insurance?
Corporate Owned or Personal Owned Life Insurance When considering life insurance as a shareholder of an incorporated business, you may have wondered if your life insurance policy should be personally owned,
HARDSHIP WITHDRAWAL ELECTION. To the Plan Administrator of., Participant.
HARDSHIP WITHDRAWAL ELECTION To the Plan Administrator of Re: ( Plan ):, Participant. 1. Withdrawal Election. As permitted by the Plan, I elect to withdraw the following portion of my Vested Account Balance
May 1, 2015 as amended June 1, 2015
INSTITUTIONAL INVESTOR May 1, 2015 as amended June 1, 2015 DATE TARGET FUNDS MyDestination 2005 Fund MyDestination 2015 Fund MyDestination 2025 Fund MyDestination 2035 Fund MyDestination 2045 Fund MyDestination
The Tax Implications of Corporate-Owned Life Insurance
The Tax Implications of Corporate-Owned Life Insurance When insurance is being acquired, a key consideration is whether it should be owned personally or through a corporation. Tax and other implications
PROPERTY WORKSHEET. Make: Model: Year: Vin Number: Titled in name of: Amount owed: $ To whom: Make: Model: Year: Vin Number: Amount owed: $ To whom:
PROPERTY WORKSHEET VEHICLES: Vin Number: BANK ACCOUNTS: DIVORCE PROPERTY WORKSHEET PAGE 1 BROKERAGE/MUTUAL FUND ACCOUNTS Name of brokerage firm/mutual fund: Address of brokerage firm/mutual fund: Name
INSURED RETIREMENT PROGRAM
INSURED RETIREMENT PROGRAM www.financialhorizons.com INSURED RETIREMENT PROGRAM One of the challenges faced by individuals who earn a higher income is finding tax efficient ways to save for retirement.
QP/401(k) Separation From Service Distribution Request Form
#10486 (3/2004) QP/401(k) Separation From Service Distribution Request Form This form may be used if you have separated from service due to termination, disability or attainment of normal retirement age
Using Cash Value Life Insurance for Retirement Savings
American Brokerage Services, Inc. 805 E Willow Grove Ave. Suite 2-B Wyndmoor, PA 1-888-227-3131 500 [email protected] www.absgo.com Using Cash Value Life Insurance for Retirement Savings American Brokerage
Planning your client s future
Planning your client s future Using insurance for your client s corporate planning needs TAX, RETIREMENT & ESTATE PLANNING SERVICES This information is for advisor use only. It is not intended for clients.
Reuter Benefits Group Plan Member Newsletter September 2009
Reuter Benefits Group Plan Member Newsletter September 2009 Accessing Your Retirement Savings As you approach retirement, you will need to turn your Pension and RRSP, as well as any nonregistered savings,
Understanding Your Life Insurance Options
Understanding Your Life Insurance Options Designed for: Marathonbenefits.com Designed by: Marathon Benefit Corp. Ph: 403-238-7343 [email protected] September 17, 2010 U N D E R S T A N D I N G
NaviPlan Standard Online/Offline. Net Worth Self-Study Guide. USA version 11.2. EISI, Winnipeg
NaviPlan Standard Online/Offline Net Worth Self-Study Guide USA version 11.2 EISI, Winnipeg Disclaimer This software is designed to allow a financial planner to demonstrate and evaluate various strategies
Incorporating your farm. Is it right for you?
Incorporating your farm Is it right for you? RBC Royal Bank Incorporating your farm 2 The following article was written by RBC Wealth Management Services If you have considered incorporating your farm,
TABLE OF CONTENTS: PART A: EXAMPLES
TABLE OF CONTENTS: PART A: EXAMPLES Compound interest calculations Example 1: Determine the future value of a single payment (lump sum)... 3 Example 2: Determine the annual rate of interest earned by an
Regions Financial Corporation. 401(k) Plan. Summary Plan Description
Regions Financial Corporation 401(k) Plan Summary Plan Description July 2013 Regions Financial Corporation 401(k) Plan Summary Plan Description July 1, 2013 Table of Contents The Regions Financial Corporation
Immediate Annuities. Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com
Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com Immediate Annuities Page 1 of 7, see disclaimer on final page Immediate Annuities What is an immediate annuity?
Employment status: employee in terms of employment law. generally taxed as employees. Tax on profits:
Sole trader Vs Limited company The comparison is for a trading business. Many of the points summarised here are not relevant if you want to compare individuals or companies that manage investment business.
Leveraged Life Insurance Personal Ownership
Leveraged Life Insurance Personal Ownership Introduction Leveraged life insurance is a financial planning strategy that uses the cash value of an exempt life insurance policy as collateral security for
Key Person, Split Dollar & Deferred Compensation Combination. Three Needs One Policy Presentation
Three Needs One Policy Presentation Does the business identify with the following? The business relies on one or more executives for generating the bulk of the revenue or for acquiring most of the new
Procedures for Transfer of Certain Customer Brokerage Accounts
Procedures for Transfer of Certain Customer Brokerage Accounts Last Updated March 17, 2009 As a result of orders issued by the Court on March 5, 2009 and March 12, 2009 at the request of the Receiver,
Understanding Annuities: A Lesson in Annuities
Understanding Annuities: A Lesson in Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income that you
H.T. BAILEY INSURANCE GROUP 401(k) PLAN Case # 943-80987. ELECTION OF PAYMENT METHOD (Please Print Clearly)
H.T. BAILEY INSURANCE GROUP 401(k) PLAN Case # 943-80987 ELECTION OF PAYMENT METHOD (Please Print Clearly) PARTICIPANT NAME: DATE OF BIRTH: SOCIAL SECURITY NUMBER: DATE OF HIRE: DATE OF TERMINATION: DO
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1995 S 1 SENATE BILL 1303*
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION S SENATE BILL 0* Short Title: Authorize Medical Savings Accounts. (Public) Sponsors: Senators Forrester; Perdue, Parnell, and Carpenter. Referred to: Finance.
Flexible Premium Adjustable Life Insurance Policy Illustration
Flexible Premium Adjustable Life Insurance Policy Illustration Prepared for: d Client Prepared by: Illustration Desk 2801 Townsgate Rd. Suite 350 Westlake Village, California, 91361 Tel: 800-350-2019 License
Componenta Corporation Stock Options 2016
Page 1 of 6 Componenta Corporation Stock Options 2016 The Board of Directors of Componenta Corporation (the Board) has resolved to propose to the Extraordinary General Meeting of Componenta Corporation
Implications of Withdrawals and Loans from a Life Insurance Policy
Implications of Withdrawals and Loans from a Life Insurance Policy Life insurance is frequently structured to provide income that can be used for various needs, such as supplemental retirement income,
Effective Planning with Life Insurance
Effective Planning with Life Insurance The Tax Considerations... Ken Knox, CLU, ChFC Regional Director The Penn Mutual Life Insurance Company 1304529TM_Sept17 Retirement Planning Case Scenario #1... Client
Guide to Buying Annuities
Guide to Buying Annuities Buying an Annuity Contract at H.D. Vest Before you buy any investment, it is important to review your financial situation, investment objectives, risk tolerance, time horizon,
Procedures for Transfer of Certain Customer Brokerage Accounts
Procedures for Transfer of Certain Customer Brokerage Accounts Last Updated March 30, 2009 As a result of orders issued by the Court on March 5, 2009 and March 12, 2009 at the request of the Receiver,
PEARSON plc EMPLOYEE STOCK PURCHASE PLAN PLAN SUMMARY
PEARSON plc EMPLOYEE STOCK PURCHASE PLAN PLAN SUMMARY THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THE SECURITIES HAVE