June 2026 - Family Business Services

Canadian business owner in a modern office with a portfolio and planner beside a window with a blurred city background.

Updated on July 7, 2026June 26, 2026Leave a CommentCanadian Small Business Tax Learn

How Much Does Life Insurance Cost in Canada? A 2026 Family Business Owner’s Guide

Life insurance in Canada costs between $30 and $150 per month for most small business owners, though your actual premium depends heavily on your age, health, coverage amount, and the type of policy you choose. A healthy 35-year-old entrepreneur typically pays around $40 to $60 monthly for a $500,000 term life policy, while the same coverage for a 50-year-old can run $120 to $180.
Age drives pricing more than any other single factor. Premiums roughly double every decade after age 40 because mortality risk increases. The second biggest price driver is the coverage amount you need. Small business owners often require higher face values…

Small business owner reviewing tax planning documents at a home office desk with a calculator, laptop, and Canadian flag pin in view.

June 22, 2026June 22, 2026Leave a CommentUncategorized

Tax Planning for Small Business Owners: Save More Before Year-End

Every dollar you save on taxes stays in your business. Small business owners across Canada who wait until tax season to think about their obligations typically pay more than necessary. Strategic tax planning throughout the year lets you keep more of what you earn while staying fully compliant with Canada Revenue Agency requirements.
Maximize your registered retirement savings plan contributions before year-end to reduce taxable income immediately. The contribution limit for 2026 allows most business owners to shelter significant earnings while building personal retirement security. Time these contributions strategically based on …

Alberta small business owner couple in their 50s sits with a financial advisor at a wooden table, reviewing paperwork and a calculator, with softly blurred shop shelves and a window showing prairie sky and distant Rockies.

June 9, 2026June 9, 2026Leave a CommentCanadian Small Business Tax Learn

How Alberta Small Business Owners Can Retire Without Selling Everything They Built

Start withdrawing profits from your business at least five years before retirement to reduce the tax burden when you eventually sell or transfer ownership. This strategy allows you to extract value gradually while maintaining lower personal tax rates, rather than facing a massive taxable event in a single year.
Structure your business to maximize the lifetime capital gains exemption, currently over $971,000 for qualifying small business corporation shares. Ensure your company meets the active business asset test and maintain proper documentation throughout ownership. Many Alberta business owners miss this valuable tax shelter simply…