business owners | Quarry Wealth Management

Does your Business Qualify for the Small Business Gains Exemption?

by Quarry Wealth | Jun 1, 2019 | blog, business owners, corporate, life insurance, tax

As a business owner, you may be aware that when you dispose of shares in your business you could receive an exemption on all or a portion of the capital gains that ordinarily would be taxable. This is due to the Lifetime Capital Gains Exemption which says that, for 2019, up to $866,9121 of capital gains...

The Need for Corporate Life Insurance

by Quarry Wealth | May 1, 2019 | blog, business owners, corporate, estate planning, life insurance

Life insurance is used for two general purposes in a private corporation – managing risk and creating opportunities. The risk management function is satisfied as life insurance provides the corporation with a tax-free payment in the event of the death of an owner or someone vital to the success of...

Private Health Spending Plans for the Owner/Operator Business

by Quarry Wealth | Jan 1, 2019 | blog, business owners, group benefits, health benefits

Individuals who have incorporated their business such as consultants, contractors and professionals often find that providing affordable health and dental care coverage for themselves and their families can be an expensive proposition.

Alberta Budget 2018

by Quarry Wealth | Apr 3, 2018 | blog, business owners, corporate, Family, individuals, investment, tax

The 2018 budget for Alberta focuses on the diversification of its post-recession economy, with the aim of creating more stability and less vulnerability to future fluctuations in oil prices. Read for some of the highlights

2018 Federal Budget Highlights for Business

by Quarry Wealth | Mar 4, 2018 | blog, business owners, corporate, investment, tax

The government’s 2018 federal budget focuses on a number of tax tightening measures for business owners. It introduces a new regime for holding passive investments inside a Canadian Controlled Private Corporation (CCPC). (Previously proposed in July 2017.)

Five Steps to Becoming Debt-Free

by Quarry Wealth | Jan 18, 2018 | articles, blog, budget, business owner, business owners, families, individuals, savings, Uncategorized

If you can’t seem to keep up with the endless cycle of bills landing at your doorstep, you are not alone. The average Canadian now owes $22,595 in consumer non-mortgage debt according to debt monitoring firm Equifax.