Every business has at least on key person upon whose contribution the success of the business depends. The sudden death or disability of this individual can be seriously blow to the business. Therefore the valuation of this person is important in determining the duties and responsibilities you would have to defer to other employees or in hiring another person with the same expertise and knowledge that the key person possessed.

Buy sell agreements play an important role both in the preservation of the business and in providing financial security for business owners and their families. Generally speaking a buy-sell agreement is an agreement between two or more persons who are engaged in a business or practice to sell and purchase S a shareholder's interest or equity upon death, disability or retirement, which is enforced by the agreement. The agreement is not an end in itself as funds must be found by the surviving partner to complete the purchase. Where will the money come from? Will the bank be anxious to provide additional funds at the death or disability of a major talent in your firm?

Have you ever lost a great employee to a competitor? As an employer your ability to attract and retain quality employees is paramount.

Like any team, the greater the players your company can attract, the greater the advantage you have over your competitors. Keeping these great employees also minimizes thereby minimizing the high cost associated with employee turnover. When an employee makes the decision to leave your company:

• Your level of productivity declines
• Productivity is lost while you are looking for a replacement
• Productivity is lost through the training period
• You and your employees have access to insurance at a reduced price
• The premium you pay is tax-deductible as a business expense.

Do you currently have an advisor that is:

• Promoting the good will of your benefit package to your employees?
• Giving your company the level of service that lives up to your expectations?

If not, now is your opportunity to experience the difference. There are no charges for this service and there is no need to change your current carrier or the plan you have in existence.

Registered Retirement Savings Plans are designed to encourage individual's to save for their retirement by granting them certain tax advantages. These tax advantages are obtained through deferment of income taxes on that part of an individual's income which is deposited into an RRSP and from the earnings from the invested capital, thus allowing the full effect of compounding. The payment of the tax on the income is usually deferred until the capital is converted to income retirement

A tax payer may participate in one or more RRSP's within the following deductions limit: The lesser of the RRSP dollar limit for the year ($14,500) and 18% of your earned income for the preceding year minus the total of the taxpayer's pension adjustments (PAs) for the preceding year in respect of all employers