Proprietorship or Corporation – What is the Best for Your (New) Business

Proprietorship or Corporation - What is the Best for Your (New) Business

I am often asked by readers and clients, whether they should incorporate a new business or start as a proprietorship? A logical follow-up question for those that have already started their business as a proprietorship is: when should they convert their proprietorship into a corporation? I will address both these questions today.

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RESPs and TFSAs for Higher Education

RESPs and TFSAs for Higher Education

New parents are faced with a number of new expenses.  Diapers, day care, summer camp, organized sports – and then – there’s higher education for their little genius.  What’s it going to cost?  The cost of a 4 year undergraduate degree for a student living away from home today is in the range of $75,000.  Depending on which statistics you read, this could easily be in excess of $100,000 in 18 years.  Throw in some post-graduate studies or a professional degree and the costs just keep rising.  Continue reading