You made the decision to incorporate — and that was a smart move. Now comes the part that most incorporated owners get wrong: failing to take full advantage of the tax and wealth-building opportunities that incorporation provides. Your accountant handles compliance. But who is proactively looking for every tool your corporation gives you to build personal wealth?
How much should you be taking as salary versus dividends — and how do you know if your current mix is costing you thousands? What do you do with retained earnings building up in the corporation? Are you using a Private Health Services Plan? Do you have a corporate investment strategy that doesn't trigger passive income rules? Is your corporation set up to pass wealth to your family efficiently?
These are exactly the questions Joanne David CFP® FCSI specializes in — working with Alberta incorporated professionals, consultants, engineers, tradespeople, and business owners across every industry. As a fee-only advisor, she has no incentive to recommend products. Her only goal is to help you keep more of what your corporation earns.
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✓ Salary vs. Dividend Optimization
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Finding the right mix for your personal situation — factoring in CPP contributions, RRSP room, marginal tax rates, and your family's overall income picture.
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✓ Retained Earnings Strategy
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How to invest corporate surplus tax-efficiently without triggering passive income rules that could cost you the small business deduction.
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✓ Private Health Services Plans (PHSPs)
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Write off eligible medical and dental expenses through your corporation as a business expense — a powerful benefit most incorporated owners don't fully use.
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✓ Corporate Life Insurance
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Corporately-owned life insurance can be a powerful, tax-advantaged wealth transfer tool. We help you understand when it makes sense — and when it doesn't.
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✓ Income Splitting Strategies
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Paying family members reasonable compensation for real work performed — reducing your family's overall tax burden within CRA's guidelines.
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✓ Succession Planning & Business Exit
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Whether you plan to sell, pass to family, or wind down, we help you structure the exit to minimize tax and maximize what you walk away with — ideally years before you need it.
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✓ Lifetime Capital Gains Exemption (LCGE)
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If your corporation qualifies as a Small Business Corporation, you may be eligible to shelter significant capital gains from tax. We help you plan for and protect this exemption.
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✓ Corporate-Personal Financial Integration
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Your corporation and your personal finances are deeply intertwined. We look at both together — retirement planning, estate planning, insurance, and investments — so every decision works in concert.
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✓ T2 Corporate Tax Returns & GST Filing
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We offer corporate tax preparation as part of a fully integrated service — so your tax filing reflects the same strategy we're executing on the financial planning side.
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Your Accountant Handles Compliance. We Handle Strategy.
Most incorporated owners have a good accountant who keeps them compliant. But compliance and optimization are very different things. Proactive tax strategy — the kind that finds money you didn't know you were leaving behind — requires a financial planner who thinks about your whole picture, not just your annual return. That's exactly what we do.
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