PlanSimple helps newcomers to Canada understand the financial system, avoid costly mistakes, and make confident long-term decisions to grow and protect their wealth in an unfamiliar system. As a consultant David focuses on Small Business Owners and helps them with Financial Planning to grow and preserve their wealth and avoid any significant blind spots that may deflate their purpose of running a
business in the first place.
►►► Are you a Small Business Owner who's been laser-focused on your business, and so have not had a chance to look at your overall financial impact? While both the business plan and income tax filing are an incredibly critical part of a business, most business owners ignore (or are unaware) of the implication your business can have on your Financial Plan. Have you thought about the following:
► What's the impact to your business and personal plans if you are unable to work in your business?
► Are you using all tax efficient methods to ensure you are using all your hard earned business income towards your personal future plans?
► Have you thought about business succession and how that impacts your tax, cash flow and transition to retirement? Financial Planning for Business Owners is a two-sided coin: a Personal Financial Plan & a Business Financial Plan. The reality is entrepreneurs get in business to achieve big life goals…be it retirement,
income-based, charitable, etc. So, the complexity a Business Owner deals with when in a Financial Plan is a
magnitude higher than with individuals. Few examples: Tax laws, income splitting, business continuity planning, estate planning, family protection, passive income tax management, insurance, retirement planning, capital gains tax reduction, foreign asset, cash flow management, asset protection, employee protection, etc. If you would like to chat, please email me at ([email protected]).
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David spends his free time with his wife and children kayaking and getting outside (rain or shine) in beautiful BC, and for the indoors he is a VR gaming enthusiast and early adopter. As Co-Founder of Immersio Learning Inc., he has a passion for deeply understanding different cultures, bringing back ancient wisdom through language learning. David is also an active leader and organizer to support impact-driven movements like the Vancouver city group of Effective Altruism, which is a worldwide project that seeks to answer the question of how can we use our resources to help others the most.
