Small Business Wisdom Archives

What is The Cash Dam?

by Ed Rempel | Nov 20, 2017 | Financial Planning Wisdom, Small Business Wisdom, Smith Manoeuvre Wisdom, Tax Strategies | 5 comments

The Cash Dam is a simple but powerful tax strategy I have used with quite a few clients. It is an especially attractive option for those who are familiar with the Smith Manoeuvre or other tax minimization strategies. It can help you with tax optimization if you have a...

Unconventional Advice for Entrepreneurs

by Ed Rempel | Oct 1, 2017 | Retirement Planning Wisdom, Small Business Wisdom, Tax Strategies | 3 comments

I was pleased (and a little surprised) to be interviewed on the “Young Upstarts – Voice of a New Generation” blog this week (despite my age and business longevity). 🙂 The blog is focused on entrepreneurs. They tend to get “conventional...

How Come I’m Not Rich?

by Ed Rempel | Jan 24, 2014 | Finance Wisdom, Financial Planning Wisdom, Investment Wisdom, Personal, Small Business Wisdom | 1 comment

Why are some people able to become wealthy relatively easily, when most people struggle with their finances? In Canada, about 1 person in 50 is a millionaire and in the US about 1 person in 13 is millionaire – which is probably a lot more than you thought. Read...

Should I Incorporate my Small Business?

by Ed Rempel | May 24, 2007 | Small Business Wisdom, Tax Strategies | 12 comments

This topic was requested by a reader and is a question I am often asked. The issues are all tax and legal, and can be intimidating. However, they can be summed up with a few questions. Read...