Ocean 6
Ocean 6
  • Видео 147
  • Просмотров 94 106
Protect Your Legacy with an Estate Plan - REDUCE TAX BILL
When you realize the biggest tax bill you will ever pay is at death, you will not want to put your estate plan on the back burner. Estate planning often gets overlooked until it is too late. It’s essential to protecting your legacy and loved ones' well-being.
Let’s make sure you’re proud of the legacy you leave behind, and it’s done according to your wishes.
Read more on our blog: ocean6.ca/protect-your-legacy-with-estate-planning/?X6PV_ohoV_4
Want to feel confident you're on the right path to growing your wealth? Ocean 6 focuses on innovative financial planning and coaching for business owners. We'll take care of every area of your finances and provide unbiased financial advice to help you...
Просмотров: 17

Видео

Save Thousands in Tax Using Your Corporation - 3 TIPS!
Просмотров 19421 час назад
Want to feel confident you're on the right path to growing your wealth? Ocean 6 focuses on innovative financial planning and coaching for business owners. We'll take care of every area of your finances and provide unbiased financial advice to help you accomplish your goals and dreams. ► SUBSCRIBE TO OUR RUclips CHANNEL: Subscribe: ocean6.ca/youtube ► VISIT OUR WEBSITE: Book a call: ocean6.ca/bo...
Corporate Set Up | Do You Need a Holding Company or Family Trust?
Просмотров 306Месяц назад
Setting up a corporation for your business offers some of the most lucrative financial planning benefits and opportunities. When setting up your corporate structure, you should consider three components: an operating company, a holding company, and a family trust. The first step is incorporating your business and setting up an operating company; once you have that set up, you can decide whether...
Is an IFA Strategy Right for You?
Просмотров 1922 месяца назад
Are you frustrated by the increasing tax bite on your investment gains? The good news is that you can use one valuable tool to maximize tax-exempt growth inside your corporation and tax-free withdrawals from it: an immediate financing agreement. An immediate financing agreement (IFA) is a unique financial tool that allows permanent life insurance policyholders to benefit from the tax-exempt gro...
Which Strategy Wins? Investing as an Individual vs. Corporation
Просмотров 3614 месяца назад
Should you invest your money personally or inside your corporation? Let’s dive into the key differences between investing personally vs. corporately. The most important factor to consider is controlling the taxes. When you blindly invest without proper tax planning, you end up paying unnecessary taxes to the CRA, leaving you with less money in the end. Let's get into how to make the most strate...
How to Maximize the Lifetime Capital Gains Exemption in Canada
Просмотров 1,5 тыс.5 месяцев назад
The Lifetime Capital Gains Exemption (LCGE) can be one of the most valuable tools to help reduce tax bills. It reduces the tax Canadian individuals must pay on capital gains from the sale of certain qualified assets. Note: In 2024, the LCGE limit is $1,016,836. On June 25th, 2024, the LCGE limit will increase to $1,250,000. Read more about this on our blog: ocean6.ca/what-is-the-lifetime-capita...
Shareholder Loans: What is it and How Does it Work?
Просмотров 6467 месяцев назад
Whether you're the sole business owner or a shareholder in an incorporated partnership, understanding shareholder loans is essential to maximizing the benefits of your corporate structure. As interest rates are increasing, a shareholder loan can be a great option that offers lower interest, more flexibility and control. Let’s dive into what a shareholder loan is, how to use it, and other import...
What is a Family Trust? Here's How Business Owners Can Benefit!
Просмотров 7928 месяцев назад
Setting up a family trust as part of your corporate structure can provide benefits, including asset protection, succession and estate planning, and tax savings. Let's get into how powerful of a tool a trust can be for business owners. Read more about it on our blog: ocean6.ca/family-trust-for-business-owners Want to feel confident you're on the right path to growing your wealth? Ocean 6 focuses...
Good Debt vs. Bad Debt: AVOID THESE 4 DEBT MISTAKES
Просмотров 1189 месяцев назад
People often view debt negatively, but there are many long-term benefits when you use and structure your debt properly. How do you know if you have a good relationship with your debts, and how do you ensure you have only good debts? In this video, we’ll educate you on the difference between good and bad debt, along with tips on managing your debt effectively. Want to feel confident you're on th...
How to Invest Through Your Holding Company
Просмотров 8 тыс.10 месяцев назад
You have cash built up inside your holding company, and you’re ready to invest it and make that money work for you, but where do you start? Holding companies are commonly used as investment vehicles to consolidate ownership of subsidiary companies and assets. Deciding what to invest in within your holding company will depend on different factors, including your financial goals, risk tolerance, ...
Entrepreneurs, Don't Make These 3 Mistakes!
Просмотров 16610 месяцев назад
Being an entrepreneur is a journey filled with opportunities, but it's important to steer clear of any roadblocks that could impede your success. In this video, we dive into three surprising yet common mistakes that entrepreneurs often encounter. Want to feel confident you're on the right path to growing your wealth? Ocean 6 focuses on innovative financial planning and coaching for business own...
Mortgage vs. HELOC | Use a Mortgage and HELOC Together Efficiently
Просмотров 16810 месяцев назад
Mortgage vs. HELOC | Use a Mortgage and HELOC Together Efficiently
Should I Make My Spouse a Shareholder of My Company
Просмотров 51711 месяцев назад
Should I Make My Spouse a Shareholder of My Company
Ownership Transitions: How to Protect Your Business
Просмотров 156Год назад
Ownership Transitions: How to Protect Your Business
CEBA Repayment: Take Advantage of Forgiveness Program
Просмотров 78Год назад
CEBA Repayment: Take Advantage of Forgiveness Program
6 Proven Strategies to INVEST AND SAVE TAX Using Your Corporation
Просмотров 1 тыс.Год назад
6 Proven Strategies to INVEST AND SAVE TAX Using Your Corporation
7 Wealth-Building Rules From The Richest Man in Babylon
Просмотров 654Год назад
7 Wealth-Building Rules From The Richest Man in Babylon
How Are Capital Gains, Interest, and Dividends Taxed in Canada?
Просмотров 353Год назад
How Are Capital Gains, Interest, and Dividends Taxed in Canada?
How to Access the Cash Value in Your Life Insurance Policy TODAY
Просмотров 341Год назад
How to Access the Cash Value in Your Life Insurance Policy TODAY
A Business Owner's Ultimate Guide to Investing - Grow Your Money
Просмотров 139Год назад
A Business Owner's Ultimate Guide to Investing - Grow Your Money
Salary vs. Dividends: Which is Better for Business Owners?
Просмотров 511Год назад
Salary vs. Dividends: Which is Better for Business Owners?
8 Financial Tips Every New Parent Should Know! Don't Miss This Video
Просмотров 65Год назад
8 Financial Tips Every New Parent Should Know! Don't Miss This Video
Manage the Effects of Inflation *Proven Strategies to Curb Inflation in 2023*
Просмотров 220Год назад
Manage the Effects of Inflation *Proven Strategies to Curb Inflation in 2023*
The Power of an Operating Company, Holding Company, and Family Trust: Which is Right for You?
Просмотров 25 тыс.Год назад
The Power of an Operating Company, Holding Company, and Family Trust: Which is Right for You?
How to Recession Proof Your Finances in 2023? Here's the RIGHT Strategy
Просмотров 545Год назад
How to Recession Proof Your Finances in 2023? Here's the RIGHT Strategy
3 Ways to Lower Your Corporate Tax Bill *Pay Less Corporation Tax in 2023*
Просмотров 1,1 тыс.Год назад
3 Ways to Lower Your Corporate Tax Bill *Pay Less Corporation Tax in 2023*
How To SMARTLY Save Taxes On Your PASSIVE INCOME? Here's How!
Просмотров 1,3 тыс.Год назад
How To SMARTLY Save Taxes On Your PASSIVE INCOME? Here's How!
Are You on The Right Path to Growing Your Wealth? Ocean 6 Helps Business Owners Get Ahead
Просмотров 7 тыс.Год назад
Are You on The Right Path to Growing Your Wealth? Ocean 6 Helps Business Owners Get Ahead
Financial Planner vs Investment Advisor - Is there a Difference? SAVE MONEY FAST!
Просмотров 154Год назад
Financial Planner vs Investment Advisor - Is there a Difference? SAVE MONEY FAST!
Turn Excess Cash Into Business Profit - DON'T MAKE THIS MISTAKE | Ocean 6
Просмотров 420Год назад
Turn Excess Cash Into Business Profit - DON'T MAKE THIS MISTAKE | Ocean 6

Комментарии

  • @bigb9673
    @bigb9673 9 дней назад

    What insurance companies do you use for whole life ?

  • @begracefulonline
    @begracefulonline 15 дней назад

    Great info. But then I realized your in Canada. Maybe put that in the title and you'll attract more people in your market.

    • @Ocean6
      @Ocean6 12 дней назад

      Thanks for the tip!

  • @micomarinas2753
    @micomarinas2753 Месяц назад

    how many members of incorporator that a holding company should have? can a holding company own only by one person?

  • @mikejr1152
    @mikejr1152 Месяц назад

    Magnificent breakdown "ol chap" 👌🏼 🫡!

    • @Ocean6
      @Ocean6 Месяц назад

      Much appreciated

  • @bigb9673
    @bigb9673 Месяц назад

    Good info! I've been hesitaten in calling your firm. Just not sure about investing in Canada anymore.

    • @Ocean6
      @Ocean6 Месяц назад

      Thank you! We're more than happy to answer any questions you may have. There are innovative investment strategies that can provide lucrative opportunities when investing in Canada. You can book a call with us at ocean6.ca/book-a-call.

  • @somai_1
    @somai_1 2 месяца назад

    What is the best asset balance for diversification? % GIC, Ssocks, bonds, real estate? By asset class, equities, gold etc.? By location eg USA or Can or North America, Europe, Asia etc?

    • @Ocean6
      @Ocean6 Месяц назад

      The best asset mix is different for everyone. It depends on what your goals, your time horizon, and your ability to take on risk. We wouldn't be able to recommend an asset class mix without understanding more of your financial picture. Book a call with us at ocean6.ca/book-a-call if you're interested in chatting more!

  • @em9914
    @em9914 2 месяца назад

    good work. thanks for the info

    • @Ocean6
      @Ocean6 2 месяца назад

      Glad it was helpful!

  • @projectmanager8931
    @projectmanager8931 2 месяца назад

    Not very helpful as you did not delineate if these structures are set up as an llc, an S-corp or a C-corp.....huge differences in taxes.

    • @Ocean6
      @Ocean6 2 месяца назад

      This is applicable for Canadian corporate structures. It will be different for US.

  • @worldparkproject
    @worldparkproject 2 месяца назад

    High value information - will be calling you this fall

    • @Ocean6
      @Ocean6 2 месяца назад

      Thank you! Looking forward to chatting with you about your financial goals.

  • @Gul_Jee
    @Gul_Jee 2 месяца назад

    Hey Jacky, is the forgiveable portion ( in my case it is 20,000), do I have to include that 20,000 as my company’s income? I paid 40,000 in the beginning of the year. Thanks

    • @Ocean6
      @Ocean6 2 месяца назад

      That's correct, the $20,000 is taxable income.

  • @Gul_Jee
    @Gul_Jee 2 месяца назад

    For how long you can take a shareholder loan from your corporation? Are there any time restrictions?

    • @Ocean6
      @Ocean6 2 месяца назад

      Hi! Yes, a shareholder loan must be paid back within the fiscal year.

    • @rmmoss3800
      @rmmoss3800 Месяц назад

      @@Ocean6Is this applicable to the USA? And can a sole shareholder is private equity to loan the business? Thank you.

  • @JoseCastillo-sd2hv
    @JoseCastillo-sd2hv 3 месяца назад

    Well said.

    • @Ocean6
      @Ocean6 2 месяца назад

      Thank you!

  • @Tennisencyclopia900
    @Tennisencyclopia900 4 месяца назад

    Hello! so 50% can go to my CDA and the other 50% is taxable at what rate? Thank you

    • @Ocean6
      @Ocean6 4 месяца назад

      Hi, that's correct. The other 50% is taxable at your marginal tax rate.

  • @cesarelocran
    @cesarelocran 5 месяцев назад

    🧑‍💻♻️🇲🇽☎️📽️🚬🚬🪞🛞🕊️

  • @snnamagh6007
    @snnamagh6007 5 месяцев назад

    Clear explanation. Thank you!

    • @Ocean6
      @Ocean6 5 месяцев назад

      Thanks for watching!

  • @HopeProphecy
    @HopeProphecy 6 месяцев назад

    How would I pay myself in a structure with a single-member holding LLC (S-Corp) that owns my operating LLC, of which I’m the only owner and employee? How can this be done without piercing the corporate veil and losing asset protection, while still seeing the tax benefits of an S-Corp? Which LLC would handle payroll and how would dividends be distributed? Thanks!

    • @trindon9439
      @trindon9439 2 месяца назад

      Mannn go hire an attorney lol

    • @Peter-df2ip
      @Peter-df2ip Месяц назад

      It seems that this guy works for a Canadian company and therefore deals with Canadian tax issues.

    • @Ocean6
      @Ocean6 Месяц назад

      Hi! Thank you for your question. We specialize in helping Canadian business owners. If you're based in the U.S and have questions regarding your finances, we are more than happy to refer you to an expert.

  • @HopeProphecy
    @HopeProphecy 6 месяцев назад

    How would I pay myself in a structure with a single-member holding LLC (S-Corp) that owns my operating LLC, of which I’m the only owner and employee? How can this be done without piercing the corporate veil and losing asset protection, while still seeing the tax benefits of an S-Corp? Which LLC would handle payroll and how would dividends be distributed? Thanks!

  • @marmantole
    @marmantole 6 месяцев назад

    Thanks for the video!

    • @Ocean6
      @Ocean6 6 месяцев назад

      You're welcome!

  • @marmantole
    @marmantole 6 месяцев назад

    Great video, thx!

    • @Ocean6
      @Ocean6 6 месяцев назад

      Glad you liked it!

  • @Everythingonearth23
    @Everythingonearth23 6 месяцев назад

    How come most of Accountant saying "never invest stocks Inside the corporation " ?

    • @Ocean6
      @Ocean6 5 месяцев назад

      We always recommend getting investment advice from a professional financial advisor as opposed to an accountant. The accountants we work with recommend stocks, mutual funds, and ETF’s as great options inside a corporation. When stocks are sold, they are taxed as a capital gains, which will result in Capital Dividend Account credits allowing money to flow out of your corporation tax-free. Of course, you want to make sure your investment strategy is aligned with your risk tolerance and goals.

  • @MadOldMan-ck5wq
    @MadOldMan-ck5wq 7 месяцев назад

    What is the difference between besides provision you can attach to the Traditional Law Model Interdiction Trust. Is a holding company Trust an RLT LLC greedy fiduciaries use to steal our business and home without NICER Traditional Law Fiduciary Security Allied Legal Professional forger proof monitored permission validation registry ledgers?

  • @MadOldMan-ck5wq
    @MadOldMan-ck5wq 7 месяцев назад

    Are they not all the same with different provisions greedy fiduciaries use to steal our property with?

  • @Everythingonearth23
    @Everythingonearth23 7 месяцев назад

    how do i transfer my Money from my operating account ? do i add Capital dividend account as Share holder of my operating company to not pay in tax? do i need to open a new company for capital dividend account?

  • @gizznajet1
    @gizznajet1 7 месяцев назад

    You was doing good until you got to explaining life insurance. How in the world is life insurance a good investment if you are dead. Life insurance is for generational wealth not investing. You fail to explain all the hidden nuances in the premium payment that is made up into three parts but I'm not going to get into with this complicated subject

    • @Ocean6
      @Ocean6 7 месяцев назад

      We agree, life insurance is a complicated topic! Many life insurance policies offer investment components that allow the funds inside the policy to grow tax-exempt. It can great a low risk, tax efficient investment vehicle inside your corporation, while providing other benefits such as legacy planning and generation wealth. We have a blog on how you can use life insurance as a wealth-building tool here: ocean6.ca/cash-value-life-insurance/

  • @brco2003
    @brco2003 7 месяцев назад

    The tax rate on investment income inside a corporation is very high. 50.17% in Canada. This typically negates the deferral benefit.

    • @Ocean6
      @Ocean6 7 месяцев назад

      Although the tax rate is around 50%, you only pay tax on half of the gains when you invest in capital gains vehicles.

    • @robertk5441
      @robertk5441 2 месяца назад

      ​@@Ocean6update. You pay 50.7% tax on 66.7 % of capital gain. Isn't it better to switch strategy to dividend income within holdco instead of capital gains ?

  • @rohandmsiitd
    @rohandmsiitd 7 месяцев назад

    Hi, For stocks you said that the entire capital gain can be taken out of the corporation using CDA. But isn't that true for only 50% of the total capital gain that goes through the CDA. For the remaining 50%, we will stay pay taxes if we take that money out of the corporation?

    • @Ocean6
      @Ocean6 7 месяцев назад

      Hi! Thank you for your question. In the video, we mention when a Canadian-Controlled Private Corporation earns a capital gain, 50% of that gain (known as the non-taxable portion) flows through the CDA to be withdrawn from the corporation tax-free, not the entire capital gain. The other 50% is taxable.

  • @AminAwan-t5n
    @AminAwan-t5n 8 месяцев назад

    Sir i am Amin from Pakistan sir i have opened account in Novagrowth holding company and i have investment but the company not giving me withdrawal. Please can you help me

    • @dennykeaton9701
      @dennykeaton9701 8 месяцев назад

      Sounds like you were scammed.

    • @AminAwan-t5n
      @AminAwan-t5n 8 месяцев назад

      @@dennykeaton9701 sir how can you help me

  • @Aphex96.
    @Aphex96. 9 месяцев назад

    This is great content!

    • @Ocean6
      @Ocean6 9 месяцев назад

      Thank you! Hope you found it helpful.

  • @barettmac
    @barettmac 10 месяцев назад

    very well explained, thanks for sharing this information.

    • @Ocean6
      @Ocean6 10 месяцев назад

      Glad it was helpful!

  • @teoc8124
    @teoc8124 10 месяцев назад

    Can we use a holding company to invest in a foreign country? Do we have the same tax benefits as if the investments were in Canada?

    • @Ocean6
      @Ocean6 7 месяцев назад

      The taxes will work differently depending on the type of investment and country. There are less tax credits for foreign investments. In some situations, it is better to buy those investments in your personal name instead of your holding company.

  • @frankz6881
    @frankz6881 11 месяцев назад

    This is a very informative and awesome video! Thank you so much, Jacky!

    • @Ocean6
      @Ocean6 11 месяцев назад

      Glad it was helpful!

  • @matthewdemeritt2672
    @matthewdemeritt2672 11 месяцев назад

    @ocean 6 Hey Dave, do you have a reference for someone/a source to help with operating companies/holding companies/family trusts in the USA?

    • @Ocean6
      @Ocean6 11 месяцев назад

      Hi Matthew, Yes, we recommend working with Darren Millard from Facet Advisors. He is an experienced US tax accountant based in Vancouver, offering strategic advice to both individuals and corporations. They've helped many successful business owners. You'll be able to get the help you need with structuring your corporation and maximizing savings. You can find out more here: facetadvisors.com/services/international-us-tax-accountants-vancouver/

    • @Ocean6
      @Ocean6 11 месяцев назад

      Here's Darren's direct email for your convenience: dmillard@facetadvisors.com

  • @dsczebelsr
    @dsczebelsr Год назад

    So it sounds like it is something that can be started after you have a healthy business

    • @Ocean6
      @Ocean6 11 месяцев назад

      Yes, you got it.

  • @ElduroJamCub
    @ElduroJamCub Год назад

    Great content, keep up the good work

  • @cripz1436
    @cripz1436 Год назад

    This was great sir :) I am on the right path since I think about most of the things you covered here daily

    • @Ocean6
      @Ocean6 Год назад

      Great! Keep it up.

  • @shawnkelly5028
    @shawnkelly5028 Год назад

    Great insight! Thanks for sharing!

    • @Ocean6
      @Ocean6 Год назад

      Glad it was helpful!

  • @parker.thomas9601
    @parker.thomas9601 Год назад

    The new law 😮is 😮😮 designed to prevent the use of a firearm to carry out a firearm without the consent or permission from a

  • @Shirley-v3g
    @Shirley-v3g Год назад

    Can a private investor - set up a holding company - using only - dividend paying shares - without being transferred from an operating source ? / thank you for your time 😊

  • @johnnyedwards9419
    @johnnyedwards9419 Год назад

    *promo sm* ⭐

  • @AndrossMoonah
    @AndrossMoonah Год назад

    May you please make a video analysis of the advantages and disadvantages of Horizons TRI ETFs?

  • @owencoukell388
    @owencoukell388 Год назад

    Why am I subscribed to this channel

  • @parker.thomas9601
    @parker.thomas9601 Год назад

    I’m not a u you are titular in your

  • @Ocean6
    @Ocean6 Год назад

    Operating Company, Holding Company, and Family Trust: Which is Right for You? Watch the full video here: ruclips.net/video/QyKvZswtWYE/видео.html

  • @sorooshb007
    @sorooshb007 Год назад

    Thanks for the video, little question, if the corporation borrowed capital to another corporation and earned interest on it at the end of the year, is this considered capital gain?

    • @Ocean6
      @Ocean6 Год назад

      If corporation A borrows money from corporation B and invests it, corporation A would pay interest tax on any interest they earned investing that money. Capital gains would apply if the investment vehicle produced a capital gain, such as investing in and selling a stock for a profit.

    • @sorooshb007
      @sorooshb007 Год назад

      @Ocean6 and in that case once corporation A gave the capital back to corporation B plus the interests, is that capital gain for corporation B (for making gains from borrowed cash)? Thank you!!

    • @Ocean6
      @Ocean6 Год назад

      @@sorooshb007 Capital gains aren't applicable to interest income. Depending on the interest charged, you may pay tax on the interest income. If you have more questions, we do offer a complimentary initial call with one of our financial advisors!

    • @sorooshb007
      @sorooshb007 Год назад

      @Ocean6 sure thing I'm interested, do you charge for your initial call? Thank you!

    • @Ocean6
      @Ocean6 Год назад

      @@sorooshb007 Apologies for the delayed response. We did not get notified for your comment! We offer a complimentary initial call to incorporated business owners. You can book a call at ocean6.ca/book-a-call.

  • @sorooshb007
    @sorooshb007 Год назад

    Great video filled with lots of useful info! Thanks!!

    • @Ocean6
      @Ocean6 Год назад

      Thank you! Glad you found it useful.

  • @DTC11517
    @DTC11517 Год назад

    Women☕️

  • @seap9570
    @seap9570 Год назад

    In your example of $100,000 capital gain where 50% can be withdrawn through the CDA tax-free, is there a lifetime limit to the amount that can flow through the CDA?

    • @Ocean6
      @Ocean6 Год назад

      No, there is no lifetime limit to how much can flow through the CDA. Thanks for your question!

  • @Andy-no9zl
    @Andy-no9zl Год назад

    Should one be using a holding Corp just to hold your investment portfolio? Or is it better to keep at personal level?

  • @Arrowed_Sparrow
    @Arrowed_Sparrow Год назад

    You definitely forgot one. The 5th type is soul crushing crippling debt that takes 4 generations to to pay off. The kind of debt that the moment your baby is born it just looks at you and asks to be given to a different family.

    • @Ocean6
      @Ocean6 Год назад

      We understand, these are general recommendations predominantly aimed at people who own businesses and have flexibility to be strategic when paying off debt. In the situation you describe we recommend making the most of local services for support.

  • @leedavis6354
    @leedavis6354 Год назад

    Great information. CC debt is so high. So many Americans fall into this trap

    • @Ocean6
      @Ocean6 Год назад

      Exactly. This is where a solid cash flow plan is helpful to try and avoid getting into this trap at all.