The Canada Emergency Wage Subsidy Increasing from 10% to 75% Wage Subsidies for qualifying businesses. This will greatly help businesses maintain payroll & employment with positive spinoffs for the economic recovery on the other side of the pandemic. Will cover 75% of salary on the … [Read more...]
Government introduces Canada Emergency Response Benefit to Help Workers and Businesses
Please find attached the Federal Government’s: Canada Emergency Response Benefit (CERP) legislation approved on March 25th ; intended to provide up to $1,800 month net to workers who have lost income to the COVID -19 pandemic for up to 4 months. Government introduces Canada Emergency … [Read more...]
Flattening the Virus Curve/Arresting Market Declines
We now all understand the logic of social distancing and self-isolation: until recently, unfamiliar phrases. US Senator Dr. Bill Cassidy says that by so doing, on average, we will avoid infecting six others; which will have a greater impact than all the health workers in the country … [Read more...]
Nine Changes for Taxpayers That Come With the COVID-19 Economic Response Plan
The Federal Government has been rolling out financial supports at a rapid pace for Small, Medium Businesses (SMB), Employees, Tax Payers, Self Employed, Individuals & Sectors at financial risk. We will endeavour to post updates as they occur. Please find a link to Tim Cestnick’s excellent … [Read more...]
Covid-19 Economic Response Plan
Governments around the world are rolling out economic responses to Covid-19. The Federal Government of Canada’s response to date has been welcome; but economists are predicting it will continue to expand, particularly for small businesses, Possibilities? Expansion of wage subsidy programs for small … [Read more...]
Life insurance can be a core strategy for retirement savings
As many of our clients know - the attached Tim Cestnick article speaks to both a risk management and tax efficient strategy which Etherington Generations has long utilized as a part of an overall approach to retirement and estate planning. Please note that only the actuarially adjusted gain … [Read more...]
When Is The Right Time To Transfer Wealth
This article references a number of good reasons why inter-generational wealth transfers occur; but fewer relating to two of the most important questions: WHY are Parents & Grandparents & other Family members motivated to transfer their wealth to the next generation? HOW best to responsibly … [Read more...]
Why Are Families Motivated To Transfer Wealth?
Wealth can represent such hard assets as stocks, bonds, cash, real estate, businesses, art, cultural treasures, jewellery, inheritances and trusts. We are privileged to live in a country that equally values such assets as integrity, a moral compass, education, diligence, trust, leadership, … [Read more...]
How Best To Prepare The Recipients For A Legacy Gift?”
Traditional estate planning concentrated for a long time upon hard assets: the money; whereas its originators now embrace a more effective approach driven by some of life’s most treasured assets: values & relationships. Tax planning, legal and accounting advice often drove the process, … [Read more...]
Key Ingredients of the Shareholder’s Agreement in the Transferring of Shares & Investment Buy Out
A great wit once said that: “ The two best days of owning a boat are the day that you bought it and the day that you sold it.” You don’t have to be nautically inclined to make the same parallel with a Family Business. If from the outset you and your partners are maintaining the discipline to build … [Read more...]