Advising Business Owners with Complex Needs

 

As an entrepreneur, maximizing your finances is imperative. We bring you customized advice and comprehensive strategies to preserve and grow your wealth. We want you to enjoy the rewards of your efforts at all stages of the business life-cycle.

 

Before we invest your assets or make any recommendations, we will get to know you and your business in depth. We will learn what drives you and your company, your vision of the ideal retirement, your personal and professional goals, and your lifestyle priorities.

 

We will help you:

  • Invest your reserve funds to achieve your growth targets and minimize tax.
  • Set expectations and implement a wealth plan to put you on track to reach your goals.
  • Plan for and manage your cash flow requirements.
  • Manage other complex business challenges.

 

Tax Considerations

We work in collaboration with your accountant to:

  • Understand the net impact of your investments and wealth plan from a tax standpoint.
  • Help you structure your company and its shares to maximize your tax planning.
  • Maximize legal tax optimization strategies.

 

In addition, we will streamline the connection between you, our team, your other advisors and our many skilled BMO Private Wealth specialists. At your business year-end, my team will send out tax packages to you and your accountant(s) documenting capital gains.

 

Succession Planning

Discussions involve:

  • Getting to know you, your family, and your goals.
  • Determining how much money you need to exit your business and retire comfortably.
  • Business succession planners, estate planners and valuation experts.
  • Estate equalization solutions.

 

Once you divest, we will help you:

  • Create a reliable income stream from the proceeds of your liquidation event.
  • Transition smoothly from being a business leader to being less actively involved.
  • Transfer your wealth to your heirs tax-efficiently.

 

Personal and Commercial Banking – Under One Roof

BMO Private Investment Counsel will serve multiple financial needs under one roof to save you time and money. When you wish to borrow money or source venture capital, we will liaise with our team of specialists to find the right financing opportunities according to your needs:

  • Business Banking (below $1M)
  • Commercial Banking ($1M – $10M)
  • Corporate Finance ($10M+)

 

Individual Pension Plans (IPPs)

An IPP provides business owners with financial security in retirement. An IPP allows you to:

  • Enjoy the highest degree of creditor protection in Canada.
  • Contribute more tax-deductible assets annually than an RRSP.
  • Invest in asset classes that are not allowed in an RRSP.
  • Deduct your investment, pension management and other IPP fees.
  • Transfer wealth to your loved ones without triggering a tax event.

 

Cash Flow Management

If you are a business owner, we can:

  • Manage cash flow for your company’s daily operations and growth trajectory.
  • Create a custom treasury, payments and liquidity package tailored to your needs.
  • Deliver digital balance and transaction reports, mobile alerts and electronic statements, through our mobile app.
  • Help you choose the right mix of depository solutions for your needs – we can offer a full range of deposit and liquidity services that can help your business.
  • If your business is generating growing revenues, we will advise you on the best way to use the extra cash flow.