The cash your business doesn't need day to day still has a job to do.

It starts with a plan in writing

Most owners I meet have a corporation, an accountant, some insurance, maybe some investments — and no single document that says how it all fits together or what it's for.

That document is the work. We build it together, you keep it, and we review it every year against what actually happened. Insurance, investments and corporate structure are decisions that come out of the plan, not the reason to make one.

Should we work together?

I'd rather answer this on the first page than on the first call.

Probably not, if…

• If you already have a plan in writing that you understand and agree with, you don't need another one.
• If you already have a life and investment advisor you trust, meet with regularly, and are satisfied with what they offer, stay with them. I'm not here to take clients from other advisors.

Probably yes, if…

• You don't think you're there yet — but you can see it coming: more money left in the company at year-end than you need to run it, whether that's next year or five years from now. That's the best moment to plan, because the structure gets set before the money arrives. It's also the best time to build a relationship, before there's any pressure to decide.
• You reinvest everything back into the business. Good — that's a plan too, and it still needs a structure: what happens to the company if something happens to you, how the value you're building is protected, and what the exit looks like when you're done building.
• You have no plan — just a corporation, an accountant and some pieces that were never put together.
• You have a plan, but you've never really read it, or nobody has reviewed it with you since it was written.
• You'd like to see what other options exist before you decide.

What the work looks like

• The plan

  What the corporation needs to operate, what it holds beyond that, what you want the money to do — for you, the business and the family — and the tax cost of each route. Written down, in plain language, with the assumptions stated.

• The tools, where they fit

  Corporate-owned life insurance, segregated funds, mutual funds, shareholder agreement funding, estate and exit structures. Each one is either in the plan for a reason or it isn't in the plan. Trade-offs are stated up front, including the years an insurance policy lags the premiums paid.

• The review

  Once a year, with your accountant in the loop: what changed in the business, in the tax rules and in your life, and what in the plan needs to move. A plan nobody re-reads is just paper.

How I'm licensed

You may deal with more than one company depending on what we discuss. Here is how it fits together.

Bédard Capital Inc. and Worldsource Financial Management Inc. are separate legal entities. Bédard Capital Inc. does not hold an insurance licence or a securities registration; all licences are held by Max Bédard personally.