Financial Advisory For Business
From benefit packages, to partnership insurance planning, to financial education for staff, we offer straightforward advice and recommend financial products via a network of trusted partners.
Planning for Founders & Business Owners
Do you have a financial plan for your business?
You may have a business plan or a marketing plan, but do you have a financial plan for your business? Financial planning for a business looks at: corporate structure, holding companies, key man insurance, unanimous shareholder agreements, partnership buy/sell funding, benefit plan strategy, insurance-based strategies for tax minimization, employee stock options plans, succession planning, and more.
Having a financial plan for the business that aligns with your personal financial plan and integrates properly is critical to ensuring the advice you get is implemented properly resulting in the right outcomes and not just better outcomes.
Additional Offerings
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There are a number of reasons why you might chose to buy life insurance within your business. This can include funding buy-sell arrangements with your business partners, insuring the lives of key personnel, or using life insurance to create a tax deferred investment portfolio within the business.
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Whether you have a group of 2 or 200 employees, we can help you tailor a group benefits plan that is right for your business. We will work with you, the business owner, to assess what is a priority for you and your staff and then provide you with a competitive group benefits insurance quote for review.
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Through a simple payroll deduction at source, employees can make monthly contributions to their account. As the business owner you can decide to match a portion of the contribution in order to encourage saving. A Group RRSP can help you differentiate yourself from other employers and helps you ensure your employees have the tool they need to save for their retirement.
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If your business has: Stable, consistent cashflow and can weather some variability in monthly claims; A long-standing employee base with low turnover; and Demonstrated low usage over several years;
You may be a good candidate to consider self-insuring your employee’s health costs. Rather than pay an insurance company to process routine claims, self-insurance can save you between 10% to 30% annually on your health insurance costs.
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Are you an incorporated business owner who operates a one-person business? If so, you're a perfect fit for a Health Spending Account ("HSA"). You can turn your personal health expenses into a tax deductible business expense by setting up an HSA.
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Did you know that financially unprepared employees are twice as likely to be distracted and unfocused at work? As an employer you can positively impact your bottom line by investing in financial education for your staff. We can help you do this.
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Every body needs a personal financial plan. Business owners have the added need of integrating their business and personal financial plans. At Red Seal, we’re passionate about helping business owners build plans that help them achieve their personal goals.
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Key man insurance is a type of life insurance that covers the life of a key employee or business owner. It is designed to protect the business from financial loss if the insured person were to pass away or become unable to work due to illness or injury.
The policy payout can be used to cover expenses, such as recruiting and training a replacement, or to maintain business operations. However, setting up Key Man Insurance and how it works can get complicated. We can help!
Meet your Advisor
DAWN VADER, CFP
Red Seal Financial Advisor
After 15 years with BMO Bank of Montreal in Commercial roles & Private banking, Dawn founded her own financial planning company, Red Seal Financial Ltd.in 2013. She has worked with many individual and business clients coaching them to implement defensive Insurance based strategies and to put tax efficient investment & savings plans in place.
Together with a CPA, CMA partner, Red Seal offers full financial planning engagements for businesses and family partnerships.
Does this sound like something you need?
If you’re a business owner or founder that needs to make a plan that integrates your personal and business lives in a cohesive way we’d love to help.
Our Full Service Offering
We've worked with the Red Seal Financial team for a few years and they've been great to deal with. They manage our Canadian group benefits plan and were able to source health insurance for our U.S. based employees that helped save tens of thousands of dollars.
They've come out and assisted us with setting up the correct payroll deductions and have been a great resource to our staff for personal planning advice. If you're looking for great service this is the shop you want to work with!
- Jeff Lawrence, CEO | Granify
Sound like something you need?
If you’re a business owner or founder that needs to make a plan for your next stage of business growth we’d love to help.