June 2015

Small Business Essentials

Status: This seminar has been postponed. A new date is to be announced.
Date: Thursday, June 25, 2015
Time: 10:00 AM - 12:00 PM
Location: Webinar
Presenter: JACK FOURNIER - HollisWealth – Scotia Capital
KELLY LOHN - Lohn Caulder LLP
KIAN GHANEI - HollisWealth – Scotia Capital
Credit: 2 Informal Professional Development Hours (PDH)
Cost: Early Bird Price Engineers and Geoscientists BC Member: $45.00 + GST = $47.25 until June 11, 2015

Engineers and Geoscientists BC Member and EIT/GIT Regular Price: $45.00 + GST = $47.25

Non-Member Price: $55.00 + GST = $57.75

Student Member Price: $45.00 + GST = $47.25

Member and EIT/GIT Late Price: $55.00 + GST = $57.75
Please Note: *A minimum number of registrations are needed by June 11, 2015 to proceed with this seminar. Please register early to avoid cancellation.
**All prices are subject to applicable taxes.
Contact: Sabine Cheng | Professional Development Coordinator
Office: 604.430.8035 ext. 7026
Toll Free: 1.888.430.8035 ext.7026
Fax: 604.639.8180
Email: [email protected]
Are you running a small business? Are you thinking about starting a small business? It is essential that you equip yourself with the fundamental financial knowledge required to running a financially efficient business.

This workshop will offer insight into important small business financial management essentials.

Managing liabilities, risks and ensuring continuity of your business
The decision to incorporate
Business Financial Management & income tax planning
Managing growth of business assets 
Shareholders, Partners and Business succession planning
Understanding the legal framework of various business structures

Introduction to Small Business Planning

Structures and Taxation
• Proprietorship
• Partnership
• Corporation (CCPCs, Holdco)

Decision to Incorporate and General Guidelines
• Gross Revenue and/or net income
• Potential for income splitting with low income spouse or other family members
• Multiple partners
• Liability
• Corporate tax, payroll, GST, important tax filing deadlines

Overview of Common Corporate Structures
• Operating company
• Holding company
• Family trust
• Individual shareholders

Overview of Taxation
• Corporate tax – active (small business) vs. Passive
• SR&ED Tax Credits
• Dividends vs. wages
• Income splitting
• Utilize holdco for wealth accumulation
• Utilize family trust for income splitting

Shareholder Agreements
• Insurance/Liability
• New shareholders
• Buyouts for departing or retiring shareholders (succession discussed below)

Business Financial Management

Legal Considerations
• Shareholders Agreements and Powers of Attorney
• 3rd Party Liability Insurance (March Canada)

Cash Management
• Working Capital
• Liquidity Needs

Debt Management
• Managing Personal & Corporate Debt (Mortgage, LOC and personal loans)
• Private banking needs / All in one accounts
Risk Management
• Key Person Policies to ensure continuation in business activities (continuity)
• Specific Shareholder/partnership agreements (continuity)
• Employee Health Plans , Health & Welfare Trusts & Wage Loss Replacement Plans

Retirement Planning and Savings Strategies
• Owners
• Employees

Retirement Issues for Owners
• Tax efficiency
• Creditor protection
• Income splitting
• Business succession

Tax Efficient Strategies
• Corporate Investing
• Insured Retirements Strategies


View the full listing of events sponsored and organized by other groups.
Contact Professional Development
Email: [email protected]
Phone: 604.430.8035
Toll-free: 1.888.430.8035
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Phone: 604.412.4860
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Phone: 604.412.4892
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