Proposed bill positive news for Family Business Owners

A recent article in the financial post highlights a new bill that has been proposed in the House of Commons.  The proposed bill seeks to level the playing field for the tax implication of selling a business to your family member vs. to a third party.  Currently, a significant deduction from the capital gain is allowed when selling to a third party, but this deduction is not necessarily available when selling to a relative.  The proposed bill could be a welcome change for many family-owned businesses in Canada.  Please see the Financial Post article HERE

Changes to taxation of life insurance in 2017

Did you know that the taxation of life insurance policies will have a number of changes for new policies issued beginning in 2017?  Have a look at this short video to understand these chaNew Paradigm Aheadnges, and what the new rules could mean for you and your business.

Donor makes inspirational planned gift

The summer 2014 issue of The City Hopsital Foundation’s Well Aware newsletter featured a story of generous giving, both current and planned, from Dennis and Shell Balon.  Their heart for giving is truly inspirational, and we at Continuity are proud to know these generous individuals.  Please see the full article from the Saskatoon City Hospital Foundation HERE.

1 in 5 Canadians Leaving Part of their Estate to Charity

Donations AcceptedSaskatchewan is above the national average of 22%, with 33% planning to leave money to charities in their will.  See the full article HERE for more interesting notes on what the motiviations are behind giving and what segments of the population are planning to do the most giving.