Financial Intelligence for Real People

SITUATION
A couple in their 40s have 2 teenagers and own a small business. Facing post-secondary tuition costs and planning for retirement, they’re wondering how they can take advantage of tax savings in the business. Is incorporating a wise idea?

SOLUTION
By setting up a corporation and family trust, and hiring their daughter for some extra help, this couple is able to fund post-secondary costs and increase their retirement savings.

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TaxSense