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The 2018 federal budget clarified rules around passive income for Canadian Controlled Private Corporations. The threshold for passive income starting $50,000 has now made holding life insurance within the corporation even more important. Advisor.ca has created this article outlining several options for life insurance policies such as holding until death or withdrawing upon retirement. If…

WELCOME   I’d like to welcome you to VELA’s new quarterly newsletter, GRAVITY. The intention of this communication is to provide timely, relevant ideas and content.   Very best wishes, Jason Boudreau Principal & Founder   WE ARE MOVING   We are pleased to announce that we are one step closer to leaving the confines of…

More often than not, when you choose an organization to volunteer with or support, there is a personal story behind that motivation. This personal connection resonated no differently for me. A little over 4 years ago, I encountered a situation that I could never have imagined. One that continues to have a profound effect on my life, including how…

Everything in your personal ecosystem is interconnected. This may seem obvious, however, have you ever taken a moment to truly reflect and let that sink in? Every single aspect of your life is related and your choices create outcomes for your life. What would your ecosystem look like if you drew it on a white board? Challenge yourself to…

With the Liberal Government’s present focus on making life harder for business owners, it may seem like the benefits of owning and running a small business are diminished.  With this in mind, we felt it important to re-visit some of the positive strategies that being self-employed and/or incorporated can bring which are not currently in…

FUNDAMENTAL changes to private corporations have been announced that could significantly affect entrepreneurs and incorporated professionals On July 18, 2017, the Canadian Department of Finance released a consultation paper that proposes ground-breaking modifications to the Income Tax Act. Should they become law, these proposals could drastically affect private companies and their shareholders.  The proposals are a…