What should I do with retained profits?
Review how your corporation holds its surplus, the tax treatment of investment income, and how much cash to keep available.
Discuss your situation
For Canadian business owners
Keeping $100,000 or more in your corporation each year?
Explore how those profits could support your retirement and your family’s future, with a plan that accounts for taxes and the cash your business needs. Preserve Wealth Group connects you with a licensed advisor who works with incorporated business owners in your jurisdiction.
First consultation free. Start with a few questions about your business.
Your corporation has money left over. What should you do with it?
You may be leaving it in cash, investing it through the business, or wondering what it will cost to take it out. Start with how you want to use that money.
How can my business help fund retirement?
Discuss how your compensation and corporate savings fit your retirement plans, including whether an individual pension plan or other planning approach deserves review.
Discuss your situationWhat will my family receive?
Explore estate funding and how corporate-owned life insurance and the capital dividend account may fit your circumstances.
Discuss your situation
Working with PWG
We make the introduction. Your specialist provides the advice.
Tell us about your situation. We use your answers to review whether a professional in our network fits your needs.
- Tell us about your businessAnswer a few questions about your corporation, location and annual retained profits.
- Speak with our teamIf you qualify, a PWG team member calls to confirm your information and understand your situation.
- Get matched with an advisorOur team uses those details to identify a suitable licensed advisor in your jurisdiction. Your first consultation is free.
Case studies from financial professionals
Explore the situation, the planning decisions and the reported results behind each case.
CanadaCanada
An insurance recommendation that left room to invest
A commercial glazing business owner reviewed how to allocate $100,000 a year between permanent insurance and flexible corporate investments.
$70,000Annual allocation available for flexible investing
Christian Jaehn-KreibaumLiving Financial (Raymond James)
Read the full case
CanadaNova Scotia
Corporate-owned insurance funded at $120,000 a year: coverage and projected estate values
A couple in their late 40s with one child, an operating company feeding a holding company with no cash in it.
$120,000/yr for 10 yearsFunding
Scott GannonMagnify Wealth
Read the full case
CanadaCanada
Business succession plan: projected tax and estate outcomes
A $12 million business heading to his children in three to five years, and the tax bill kept climbing.
$4,000,000Estimated tax before the plan
Elise KellerStewart Fisher Financial
Read the full case
CanadaBritish Columbia
A commodities brokerage uses policy cash value as loan collateral
A B.C. commodities brokerage that needs about $2M of cash at a time and waits 90 days to get paid.
$3,000,000 over two yearsFunded into the policy
Laurent MunierSafe Pacific Financial
Read the full case
CanadaNova Scotia
Accessing $400,000 through existing policy loans
A Nova Scotia advisor spent about 15 years funding four policies built for cash, not coverage.
$523,000Cash value built
Scott GannonMagnify Wealth
Read the full case
CanadaAlberta
An Alberta business owner contributes over $200,000 annually to corporate-owned insurance
Alberta owner, several companies, over $2 million in retained earnings sitting in taxable accounts.
Over $2,000,000Retained earnings in the corporation
Michael Sidhu360 Degree Wealth Strategies
Read the full case
CanadaBritish Columbia
A business owner borrows against policy cash value to buy bank shares
A BC owner who sold his company for eight figures, with millions of cash sitting in his corporation.
$50,000Annual dividends reported by advisor
Laurent MunierSafe Pacific Financial
Read the full case
CanadaOntario
Salary and dividend review for two security-company owners
Two partners in an Ontario security company, $5M revenue, unsure what to do with their retained earnings.
$7,000Saved each year
Elise KellerStewart Fisher Financial
Read the full case
CanadaCanada
Protecting the income that supports the plan
A psychotherapist earning approximately $130,000 a year sought more tax-efficient saving and identified a need for illness, disability and practice-overhead protection.
$130,000/yrApproximate annual earnings
Ron JohnstonIndependent
Read the full case
Individual results vary. Read the case details and limitations.
View all case studies ↗Work through your numbers
Bring a clearer picture to your accountant.
Bring your accountant into the conversation.
Your existing accountant knows your business. A financial specialist can contribute expertise in areas such as insurance and retirement planning, with tax and legal professionals involved where needed.
Recommendations should account for the plans you already have in place. PWG makes introductions; independent professionals assess your situation and provide the advice.
Beyond The Bottom Line · Canada
Hear the advisors explain their approach.
Watch a conversation about the question on your mind, then explore the written explanation.
Explore all 10 Canadian episodes ↗
Retained profits
Corporate-owned insurance: what the “corporate TFSA” comparison leaves out
With Michael Sidhu
Watch & read ↗
Retirement planning
Salary, dividends and a retirement plan beyond your business
With Rick Machtinger
Watch & read ↗
Estate planning
What happens to your corporation and family when you die?
With Robert Trasolini
Watch & read ↗Understand the options before making a commitment.
Plain-language explanations, with sources and questions to bring to your professional team.
Before you apply
What does the consultation cost?
Your first consultation is free. Any costs for further advice or implementation depend on your situation and the services or products involved. Ask your advisor to explain applicable fees, compensation and other costs before you proceed.
What happens after I submit?
If you qualify, a PWG team member calls to confirm your information and understand your needs. We use those details to identify a suitable advisor in your jurisdiction. Submitting an application does not confirm a match or book an appointment.
Will I need to replace my accountant?
Your existing accountant can be part of the planning discussion. A specialist contributes their expertise, with tax and legal professionals involved where needed.
Your next step
Find the specialist
for your situation.
Answer a few questions so we can review your needs and identify a suitable professional.
See if you qualify
No cost to request an introduction.