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The Greenard Index

Kevin Greenard: Inflation impacts purchasing power

Kevin Greenard: Inflation impacts purchasing power

This year inflation has reached nearly a 20-year high. The most recent inflation figure for August 2021, was 4.1 per cent. For reference, the last time inflation was at these levels was in 2003 when inflation hit 4.7 per cent.
Kevin Greendard: Tax time for corporations

Kevin Greendard: Tax time for corporations

Do you dread preparing the accounting records for your corporate tax year end? We make the analysis of the investment component as painless as possible. Getting ready for your corporation’s year-end involves many moving parts.
Kevin Greenard: Shareholders agreement useful in planning

Kevin Greenard: Shareholders agreement useful in planning

Over half of the corporations we work with have a shareholder situation that is relatively straightforward — either a sole shareholder or jointly owned with their significant other.
Kevin Greenard: Making charitable donations from a corporation

Kevin Greenard: Making charitable donations from a corporation

As a portfolio manager, our No. 1 objective is to help our clients achieve their goals — both financial, such as a desired level of income in retirement, and non-financial, such as making a charitable impact.
Kevin Greenard: Estate planning for corporations

Kevin Greenard: Estate planning for corporations

In my introductory accounting textbooks, it talks about how a corporation can not die. It also mentions that all corporations have one or more voting shareholders. The voting shareholder(s) appoint one or more directors to oversee the corporation.
Kevin Greenard: Refund of corporate taxes previously paid

Kevin Greenard: Refund of corporate taxes previously paid

Corporations have a notional account that is referred to as the Refundable Dividend Tax On Hand (RDTOH) — in fact, as of 2019 corporations have two of these notional accounts.
Kevin Greenard: Clarifying the confusion between eligible and non-eligible dividends

Kevin Greenard: Clarifying the confusion between eligible and non-eligible dividends

In Canada there are two types of dividends: “non-eligible dividends” and “eligible dividends.” Eligible dividends are subject to a larger “gross-up” than non-eligible dividends, but as a result, they are eligible for a larger dividend tax credit.
Kevin Greenard: The Greenard Group's 10 items to consider — salary or dividends?

Kevin Greenard: The Greenard Group's 10 items to consider — salary or dividends?

Our professional clients and business owners who are incorporated (combined we will refer to both as “business owners”) must juggle a few different balls when it comes to determining corporate versus personal taxation, and the overall combined tax ef
Kevin Greenard: Investing under a corporate umbrella

Kevin Greenard: Investing under a corporate umbrella

When a corporation is set up for an active business, it is typically referred to as an operating company. Once our clients have retired from the active business, the operating company is often sold, closed, or converted to a holding company.
Kevin Greenard: Corporations help high-income professionals

Kevin Greenard: Corporations help high-income professionals

Dentists, doctors, lawyers, accountants and other professionals have the option to incorporate. These corporations are often referred to as professional corporations (PC).