Jacob Weiner

Background

About Jacob Weiner

Jacob is an Associate Consultant with the Mariana Semenchuk & Associates team at IG Private Wealth Management. He, along with a team of experts focus on small business owners and incorporated professionals, helping them to build/protect their wealth and avoid any significant blind spots that may deflate their purpose of running a business or professional practice in the first place. Are you a small business owner or incorporated professional who has been laser-focused on your business or professional practice and have not yet had a chance to look at your overall financial situation? Chances are you are still relying on annual income tax filing and your business planning to feel good about your financial future. While both the business plan and income tax filing are incredibly critical parts of a business or professional practice, most small business owners or incorporated professionals ignore (or are unaware) of the implication your business can have on your overall financial plan. Have you thought about the following: What is the impact to your business and personal plans if you are unable to work in your business or professional practice? Are you using all available tax efficient methods to ensure you are using all your hard earned business or professional income towards your personal future plans? Have you thought about business succession and how that impacts your tax, cash flow and transition to retirement? Financial planning for small business owners or incorporated professionals is a two-sided coin: Personal Financial Plan & Business Financial Plan The reality is most small business owners or incorporated professional get in business or professional practice to achieve their life’s goal…be it retirement, income, charitable, etc. The complexity that a small business owner or incorporated professional deals with when it comes to financial planning is magnitudes higher than employees. Few examples: Tax laws, income splitting, business continuity planning, estate planning, family protection, passive income tax management, insurance, retirement planning, capital gains tax reduction, foreign asset, cash flow management, asset protection, employee protection, etc. If you would like to chat, please email me at jacob.weiner@igpwm.ca