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Why A Buy-Sell Agreement Is Vital For Your Business

Why A Buy-Sell Agreement Is Vital For Your Business

by Rivr Financial | Apr 1, 2023 | Blog, Business Owners, Buy Sell

Why A Buy-Sell Agreement Is Vital For Your BusinessThe purpose of a buy-sell agreement is to establish a set of rules or actions (that are legally binding) for what must happen to a business if one or more of the business owners is no longer involved. Why does my...
Federal Budget 2023 Highlights

Federal Budget 2023 Highlights

by Rivr Financial | Mar 29, 2023 | 2023, Blog, Business Owners, dental benefits, Family, Financial Planning, Individuals

On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures:New transfer options associated with Bill C-208 for intergenerational transfer.New rules for employee ownership trusts.Changes to how the...
Manitoba 2023 Budget Highlights

Manitoba 2023 Budget Highlights

by Rivr Financial | Mar 8, 2023 | Blog, Business Owners, corporate, Financial Planning, Individuals, Tax

Manitoba 2023 Budget HighlightsOn March 7, 2023, Manitoba’s Minister of Finance delivered the province’s 2023 budget. These are the highlights of it.No Changes To Corporate or Personal Tax RatesBudget 2023 did not change Manitoba’s corporate rates but introduces two...
2022 Year End Tax Tips and Strategies for Business Owners

2022 Year End Tax Tips and Strategies for Business Owners

by Rivr Financial | Dec 6, 2022 | 2022, 2022 Only, Blog, Business Owners, Financial Planning, Tax

Now that we’re approaching the end of the year, it’s time to review your business finances. We’ve highlighted the most critical tax-planning tips you need to know as a business owner.Salary/Dividend MixAs a business owner, an essential part of tax...
Financial Planning For Self-Employed Contractors

Financial Planning For Self-Employed Contractors

by Rivr Financial | Sep 1, 2022 | Blog, Business Owners

Financial Planning for Self-Employed ContractorsBeing a self-employed contractor can bring you a large cash flow and the satisfaction of being your own boss – but it can also make financial planning more complicated than being an employee. When creating a financial...
Five Ways To Withdraw Money From Your Business In A Tax-Efficient Manner

Five Ways To Withdraw Money From Your Business In A Tax-Efficient Manner

by Rivr Financial | Aug 1, 2022 | Blog, Business Owners, corporate, Tax

Five Ways To Withdraw Money From Your Business In A Tax-Efficient MannerYou have worked long and hard to build up your business, and now you are ready to withdraw money from your business’ bank account. But you don’t want to get hit with a huge tax bill....
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