Business & Corporate Planning

Business and Corporate Financial Planning

Business owners face unique financial planning challenges. Protect your business, reduce corporate tax, plan your succession, and build a secure financial future.

In Short

For business owners, personal and corporate finances are intertwined. The highest-impact planning areas are usually succession (how you eventually exit), protection (key person and buy-sell funding), and corporate tax (salary vs. dividend, holding companies, the lifetime capital gains exemption). Starting early — years before an exit — preserves the most options.

Why Business Owners Need Specialized Financial Planning

As a business owner, your personal and business finances are deeply connected. Decisions about how to structure your compensation, protect your business, and plan your exit all carry significant financial and tax implications. A licensed advisor with business planning expertise can help you navigate these decisions effectively.

Core Business Planning Areas

Business Succession Planning

Plan the eventual transfer of your ownership — to a family member, key employee, or third-party buyer — while managing tax and continuity.

Key Person Insurance

Protect the business from the financial impact of losing a key owner, partner, or employee through targeted insurance strategies.

Buy-Sell Agreement Funding

Insurance-funded buy-sell agreements protect business partners and ensure ownership transitions are properly financed.

Corporate Tax Planning

Salary vs. dividend decisions, holding companies, the lifetime capital gains exemption, and other corporate tax strategies.

Corporate Investment Planning

Invest retained earnings inside your corporation tax-efficiently using investment structures and insurance-based strategies.

Corporate-Owned Life Insurance

Use your corporation to own policies that can serve estate, retirement, and tax planning purposes simultaneously.

Business Succession Planning

Every business owner should have a succession plan — whether they intend to sell, pass the business to family, or wind it down. Succession planning addresses ownership transfer, business valuation, tax minimization on the sale, and continuity of operations. The earlier you start, the more options you have. Our guides on succession planning and business valuation basics are a good place to begin.

A Note for Licensed Advisors

If you are an experienced licensed advisor, we periodically explore confidential partnership opportunities. Learn more on our Advisor Opportunity page.

Questions & Answers

Frequently Asked Questions About Business Planning

Ideally, 5–10 years before your planned exit. Early planning gives you time to implement tax minimization strategies, train a successor, and structure the sale or transition in the most advantageous way.

Salary creates RRSP contribution room and CPP contributions, while dividends are taxed at a preferential rate. The optimal split depends on your income level, retirement plans, and personal tax situation. A licensed advisor can model the best approach for you.

Corporate-owned life insurance can fund buy-sell agreements, provide key person protection, support estate equalization, and enable tax-efficient wealth transfer. Whether it makes sense depends on your business structure and goals.

Speak With a Business Planning Advisor

Connect with a licensed advisor who specializes in working with business owners and professionals. Confidential and no obligation.