Wealth Professional – Advisor challenges women to toughen up

When Cindy David admits she has “a bit of a suck-it-up-princess” attitude, you believe her.

As befits a highly successful woman advisor and business owner, her clarity and toughness is striking.

David, who is president of Cindy David Financial Group and an independent senior estate planning advisor for Raymond James, is guest speaker at WP’s Women in Wealth Management event on November 21 at the Beanfield Centre, Toronto.

Her talk will focus on building reputations and how to get referrals. Based in British Columbia, she stressed the positivity she wants to get across: how she has balanced family life (she has two kids), charity endeavours and daily workouts with establishing a career in the upper echelons of her field.

Click here to read the article on wealthprofessional.ca.

Wealth Professional’s Women in Wealth Management

Whether you’re female or male, we all need to come together to address the key challenges faced by women in the Canadian wealth management space.

And we’re doing just that at Women in Wealth Management – an essential event from Wealth Professional Canada magazine.

Through personal stories, panel discussions, networking and even a mini awards show, Women in Wealth Management is your perfect chance to advance and empower women in the field while learning, getting inspired, encouraging and engaging with women of influence and emerging leaders.

Why should you attend?

  • Women advisors and women in wealth management seeking to advance their careers
  • Successful advisors, entrepreneurs and senior business executives in wealth who’ve made names for themselves
  • HR professionals and senior execs from firms, networks, practices and financial services companies who want to hire more women


What will you learn?

  • Practical strategies to grow your business and overcome the barriers faced by women in wealth
  • Insights from the most successful women in the industry and the chance to network with them in person
  • Why wealth management and financial services is a great career choice for women – and how to inspire more to join
  • Roadmaps for companies who want to attract and hire more women including how companies can support, coach and help women succeed in the industry

Register today!

Cindy to speak at the Business Transitions Forum – November 7-8, 2018

I’m thrilled to be speaking at the Business Transitions Forum, Canada’s largest conference for business owners looking to transition. Now in its 4th year, the event is taking place November 7-8, 2018 at the Westin Bayshore in Vancouver.

The Business Transitions Forum (BTF) is a multi-city conference for business owners that wish to learn how to plan for the most monumental decision in your company’s lifecycle, the eventual transition of your business. BTF will provide you with practical insights from entrepreneurs who have traveled down the transition path before you, to legal, financial and business experts. Identifying strategies for growth, understanding your liquidity options, how to avoid transition disaster, and thinking like a buyer from the onset, even if you are not planning on selling.

This event will provide you with tactical take-aways in order to help you make smarter decisions in the short term while setting you up for successful transition in the future.

Register today at https://businesstransitionsforum.com/vancouver/

Questions? Reach out to the BTF team info@businesstransitionsforum.com

Cindy to host a workshop at the Transitions Canada Conference – September 26-28, 2018


I’m thrilled to be hosting a workshop about Estate Planning at the Transitions Canada Conference this year! The conference is created for family businesses by family businesses.

Transitions Canada is unique among Canadian family business forums: all of the speakers are business family members sharing their stories and experiences in a confidential, “no-sell” environment. This allows for deep conversation and learning for attending family businesses.

The theme of Transitions Canada 2018 is “The Power of Family Capital,” looking at the following topics:

  • Tapping the Expertise of Your Non-Family Executives
  • Developing and Onboarding the NextGen, both Inside and Outside the Business
  • Best Practices for Family Governance: Councils, Boards, Assemblies and Committees
  • Family Philanthropy: Creating Long-term Bonds in the Family, Business and Community
  • Looking Deep and Wide In Your Family For Skills and Knowledge the Business Needs

Additionally, attendees will attend their choice of moderated breakout sessions and expert workshops on a variety of family business topics, including:

  • Performance evaluation for family employees
  • Building a family office
  • The family and business financials: to share or not to share?
  • Building passion in the family for the family business
  • Special Sessions for: Married-Ins, Siblings, Cousins, and a Next Gen Roundtable.

Click here for more information!

BC Business – How to sell your business for the best value

 It has often been said that the most important transaction business owners will ever make is when they decide to exit their business. BCBusiness recently discussed the topic with two experts in the field: Kellie Manchester, a partner with Sequeira Partners Inc. (which specializes in selling businesses); and Cindy David, President of Cindy David Financial Group Ltd., which helps entrepreneurs build and protect their wealth as well as retire on their own terms.

Click here to read the article on bcbusiness.ca.

BC Business – You sold your business! Now what?

It’s one thing to trust thousands of dollars to a friendly investment adviser at the bank. It’s quite another to hand over millions. That’s the worry for many family-business owners after selling their life’s work—leaving them with a huge bucket of cash and potentially a paralyzing fear over what to do next, says Cindy David, senior estate planning advisor with Raymond James.

Click here to read the article on bcbusiness.ca.

Reflect. Reboot. Refocus. – CALU’s 27th Annual General Meeting

We live in an age of constant change, new challenges, and increasing complexity. At the same time, we’re fortunate to work in an environment abundant in opportunities, if we are open to them.

Doing so means we need to reflect, reboot and refocus:

  • Reflecting means not throwing away the past, but energizing for the future. What can we can learn from what got us here? And how can it propel us to where we go next?
  • Rebooting means looking at challenges and opportunities like we’re seeing them for the first time – and not being afraid to make a left turn in what you’re accustomed to. Rebooting creates energy.
  • And refocusing means sessions that are sharper, more precise, and more dialed in on what matters most to CALU members

CALU 2018 helped members stare down challenges, overcome obstacles, and identify opportunities. Looking forward to AGM 2019!

When does it make sense to pay off debt with investments?

There is no hard or fast rule BUT if the cost of borrowing increases to 5% you may want to consider cashing in investments to reduce exposure to debt.  If rates are lower, and taking into consideration where we’re at in a market cycle whether we’re in a bull or a bear market, it makes sense to use debt and stay invested.

Robert Ward presents Tax Cuts and Jobs Act of 2017

We had the honor of listening to Robert Ward of WardChisholm, P.C. speak about the Tax Cuts and Jobs Act of 2017 and its impact on Canadians doing business in the US and US citizens living in Canada. On December 22, 2017 President Trump signed the Tax Cuts and Jobs Act into law. This is the most significant piece of United States tax legislation in over 40 years making meaningful changes to the ways in which individuals and businesses in the United States are taxed.



What have we learned?

  • U.S. tax reductions do not help if the same income is taxable in Canada.
  • U.S. tax planning is critical if the United States taxes assets or income Canada does not.
  • When the tax effect of different structures is approximately the same, non-tax considerations become determinative
    • Limit liability
    • Limit U.S. tax reporting
  • At death, Canada taxes unrealized gain. The United States taxes the entire fair market value.
  • U.S. citizens living in Canada have to contend with both countries taxation of world-wide income while alive and world-wide assets at death.
  • Residents of Canada who are not U.S. citizens only have to pay U.S. taxes on:
    • U.S. source income while alive and
    • Assets present or deemed present in the U.S. at death:
      • Shares of U.S. corporations
      • Debt obligations
      • Taxable property
  • Estate, Gift, and Generation-Skipping Transfer Tax Exemptions of U.S. citizens doubled in 2018, but will be halved in 2026.
  • For Canadian citizens owning U.S. assets, the higher one’s net worth, the lower the US Estate Tax Exemption provided by the Canada-US Tax Treaty.
  • U.S. Real Estate is best acquired through a Trust, properly designed and funded.
  • U.S. Real Estate purchased without a Trust can be mortgaged to avoid U.S. estate tax. Must be non-recourse debt.

Click here for Robert’s full explanation of the Tax Cuts and Jobs Act of 2017.

About the speaker

Robert E. Ward, JD, LL.M., is a nationally recognized authority on tax, business and estate planning. Mr. Ward has taught law as an adjunct professor at the George Mason University School of Law, where he conducted classes in Estate and Gift Taxation, Estate Planning, and Business Planning from 1986 until 2015. He has also taught as an adjunct faculty member at the University of Baltimore School of Law: Fiduciary Income Taxation (1988) and at Golden Gate University’s Masters in Taxation Program: Taxation of Corporations and Shareholders (1982). He currently teaches US Taxation in the Graduate Tax Program at UBC’s Allard School of Law.

BC Business – Navigating the New Taxation Landscape Requires a Deft Touch

The release of the 2018 budget in February saw the federal government introduce amended rules on how passive investment income for Canadian-controlled private corporations (CCPCs) would be taxed. And while they are an improvement over the punitive tax rates proposed a year prior, Ottawa’s scheme to restrict access to the small business deduction if the passive income of a corporation exceeds $50,000 is still a major blow to the business community, says Cindy David, president and estate planning adviseer for Cindy David Financial Group Ltd.

Click here to read the article on bcbusiness.ca.

Budget 2018

The new federal budget includes several measures that target the cornerstone of the Canadian economy: small and medium sized enterprises (SMEs). How will the new budget affect you and your business?

The restrictions on income splitting introduced in 2017 and the new passive investment income rules from this year’s budget legislation are the most significant developments that will put pressure on many businesses to make adjustments to their structure and operations. A reduction in the small business tax rate will provide some relief, while other changes may require close attention from you and your tax team.

SMEs are very important to the Canadian economy, meaning that the policy changes incorporated in this budget can have far-ranging consequences.
As a business owner, you are a leader in your corporation and your community. Your objective may be seeking meaningful, effective tools for protecting your employees, growing your business, supporting your communities and effectively funding your own retirement.

Grant Thornton works with SMEs to manage challenges and realize opportunities – to help business owners navigate through these tax measures in this new environment.

To review the full impact of Budget 2018, see the Grant Thornton executive briefing.