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.
Monthly Archives: November 2011
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