Finding innovative ways to bridge the gap between wealth and health requires a team approach. At Bridgewell, our vision early on was to bring together highly experienced professionals with diverse skill sets to help our clients achieve financial wellness in every aspect of their lives. Doing so requires collaboration with partners whose values not only …
Meet the Bridgewell Financial team: James MacGowan Read More »
At first glance, the headline news from the 2024 federal budget was grim for wealthier Canadians, some business owners and professional corporations: a surprise tax increase that will have significant financial implications for many in those groups. But a week post-budget, we can see there’s room for tempered optimism. In fact, these changes present new …
The 2024 federal budget raises taxes and new financial planning opportunities Read More »
An important question that’s been on the minds of employers over the past year is how the National Pharmacare and Canada Dental Benefit plans could impact their group benefits coverage—if at all. Do these new programs negate the need to provide drug or dental coverage to their teams? Are the plans fully comprehensive, or are …
National Pharmacare and Canada Dental Benefit plans: What employers need to know Read More »
In our earlier blogs on developing a plan for the family cottage and the many legal considerations around cottage succession, we explored the emotional and financial sides of managing everyone’s favourite summertime (and in some cases four-season) family asset. But what about tax strategy? Simply put, the capital gains tax implications of owning a second property …
Strategies to mitigate capital gains tax liabilities on the family cottage Read More »
Understanding the new federal EI sickness benefit program The federal government has confirmed that it will be extending the EI sickness benefit program from 15 weeks to 26 weeks, effective December 18, 2022. What this means for employers: Plan sponsors are under no legal obligation to change their plans to align with Bill C-30 If your STD …
Founding, managing and growing a business—as so many entrepreneurs will advise—is not for the faint-hearted. It’s a thrilling, time-consuming labour of love that requires a business owner to wear many hats in order to steer their organization toward success. The same is true if they’re an incorporated professional, where the need to build and service …
Overlooked financial planning opportunities—Corporate finance edition Read More »
Most entrepreneurs dream of founding, operating and growing a thriving business. Few will ever produce a start-up plan that accounts for their eventual exit. That’s because business succession planning is often de-emphasized or overlooked when day-to-day operations and expansion are a leader’s top priority. A better approach is to plan ahead, building your business on …
The Bridgewell Sessions Vol. 2 — Meet our panel of business succession specialists Read More »
As we noted in our last blog on the many emotional aspects of owning a family cottage, issues such as property usage or joint ownership need to be carefully managed to prevent your dream getaway from turning into a source of inter-family squabbles. But what about the tax and legal implications of owning a vacation …
Family cottage succession: Key tax and legal considerations Read More »
One of the most striking features of the 2021 federal budget —the first tabled in the COVID-19 era— was what it didn’t include. While it did contain some highly-targeted tax increases, it spared Canadians from any change to personal or corporate taxes or to the capital gains exemption rate, as some finance insiders had warned. …
What the 2021 federal budget means to your financial well-being Read More »
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