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Wyatt Stone Helping farmers, families, and business owners build financial security.

10/07/2026

Leaving the family cottage equally to the kids sounds fair. But equal doesn’t always mean simple.

There’s the potential tax bill, ongoing costs, repairs, and the reality that not every child may want or be able to afford their share.

Trusts, corporations, or transferring it early can all come up in these conversations, but none automatically makes the problem disappear.

If keeping the cottage in the family is actually the goal, the financial side needs to be planned for before it becomes the kids’ problem.

Every situation is different. This is general information only and not tax or legal advice.

📌 Save this for when you’re reviewing your estate plan.

👉 Send this to your siblings or someone with a family cottage.

💬 Have questions about keeping the cottage in the family? Let’s chat.

👉 Follow for more financial planning tips for Canadian families and business owners.

09/28/2026

A lot of business owners have excess cash invested inside their corporation without much thought about how it’s invested.

In this case, $100,000 earning 4% in GICs meant $4,000 of interest income, which can face an initial corporate tax rate of roughly 50% in Ontario.

The investment itself wasn’t necessarily the problem. The bigger question was whether it actually fit into the overall plan.

If you have excess cash building up inside your corporation, it might be worth taking a second look at how it’s working for you.

For educational purposes only. This is a simplified example based on an anonymized client conversation. Tax and investment strategies vary by individual and corporation. This is not tax, legal, or investment advice.

09/23/2026

Making $100K doesn’t automatically mean it’s time to incorporate.

I hear the “once you make $100K, you should incorporate” rule all the time but it leaves out the most important part: what happens to the money after you earn it?

Your personal spending, debt, savings goals and how much you can actually leave in the business can completely change the answer.

Next post I’ll break down 3 chiropractors making the same income and why the answer can be different for each.

09/18/2026

Your corporation has extra cash.

Now what?

There are really 3 options:

Leave it sitting in cash.
Take it out and pay personal tax.
Or invest it inside the corporation.

The right answer depends on when you’ll need the money, what it’s for, and how it fits into the bigger picture.

Corporate investing isn’t just “buy investments in the corp.” The tax rules, investment income, CDA, and your eventual withdrawal strategy all matter.

That’s where the planning comes in.

TaxPlanning WealthPlanning OntarioBusiness

What does financial freedom mean to you? ⛺️🔥
07/21/2025

What does financial freedom mean to you? ⛺️🔥

Raising a family means juggling a lot, finances shouldn’t be another stressor.Whether you’re saving for a home, RESP, or...
07/16/2025

Raising a family means juggling a lot, finances shouldn’t be another stressor.

Whether you’re saving for a home, RESP, or just trying to stay ahead of the chaos, a solid plan brings peace of mind.

I help families:
✅ Organize their goals
✅ Make a plan that actually works
✅ Understand where their money’s going

DM me for a free financial plan, no pressure, just clarity.

Most contractors wait too long to incorporate or don’t understand it. This ends up costing them.Whether you’re just gett...
07/11/2025

Most contractors wait too long to incorporate or don’t understand it. This ends up costing them.

Whether you’re just getting started or already running full crews, deciding when to go from sole proprietor to incorporated is a game-changing step.

Here’s what most business owners don’t realize:

- Incorporation can protect your personal assets
- It opens up new tax planning strategies
- It makes scaling and hiring much easier

If you’re running a contracting business under your own name, it might be time to rethink your structure.

Pension plans can be confusing, especially when every employer seems to offer something different. 🧾💼From Defined Benefi...
07/02/2025

Pension plans can be confusing, especially when every employer seems to offer something different. 🧾💼

From Defined Benefit to Group RRSPs, here’s a quick breakdown of the most common workplace retirement plans you’ll find in Ontario.

💡Understanding what kind of pension you have (or don’t have) is a key part of planning for your future.

if you’re not sure what your plan means for your long-term goals, shoot me a message. I’ll walk you through it!

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