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We understand you have questions about financial planning. At Cabral Financial, we're committed to providing clear, helpful answers to empower business owners in Landmark, Manitoba. Explore our FAQs below to gain valuable insights into securing your financial future.
Frequently asked questions
Get the answers you need to make informed decisions about your financial future. Here are some of the most common questions we receive from business owners just like you.
What are the most common questions you get from business owners about financial planning?
1. What does a Certified Financial Planner do for trades business owners?
They help you keep more of your earnings, plan for retirement, protect your family and business, and build long-term wealth. Think of them as a guide to make your money work as hard as you do.
2. Do I need financial planning if my business is doing well?
Yes. Many successful trades owners focus on running their business but haven’t planned for taxes, succession, or retirement. Financial planning ensures you protect what you’ve built and plan for the future.
3. How can you help me pay fewer taxes?
Certified Financial Planners look at your business structure, income strategy, and personal finances to find legal ways to reduce your tax burden, keep more of your earnings, and reinvest in your business or personal goals.
4. Can you help me plan for retirement without selling my business?
Absolutely. We help trades owners create a personal retirement plan that doesn’t rely solely on selling the business, so you can retire comfortably on your own terms.
5. What if something happens to me or a key employee?
We connect you with planners who help you put insurance and risk management strategies in place, protecting your income, family, and business operations.
6. How do I pass my business on to my children or sell it?
We help you create a succession or exit plan that maximizes value, minimizes taxes, and ensures a smooth handoff, whether to family or a buyer.
7. How much does this cost?
Costs vary depending on the services you need. The benefit is that you’re investing in strategies that could save you tens of thousands in taxes, protect your business, and grow your wealth.
8. Do I have to change my bank or accountant to work with you?
No. We work alongside your existing team to coordinate strategies without disrupting your current relationships.
9. How long does it take to see results?
Some benefits, like tax strategies and cash flow improvements, can happen in months. Longer-term goals, like retirement planning or succession strategies, are structured over years.
10. How do I get started?
Simply reach out, and we’ll connect you with a Certified Financial Planner who specializes in helping trades owners like you. They’ll review your goals and create a plan tailored to your business and personal needs.
What are some misconceptions business owners have about financial planning that you'd like to clear up?
1. “I don’t need a financial planner, I can handle it myself.”
Reality: Running a business keeps you busy, and even successful owners often miss opportunities to save on taxes, protect wealth, and plan for retirement. A Certified Financial Planner brings expertise to maximize what you keep and grow.
2. “Financial planning is only for the wealthy.”
Reality: Trades owners earning $150K+ net income are perfect candidates. Smart planning ensures you protect your hard-earned money, reduce taxes, and build long-term wealth, even if you’re still actively growing your business.
3. “Taxes are just a cost of doing business, I can’t control them.”
Reality: With the right strategies, you can legally reduce your tax burden and keep more of your money. Planning is about working smarter, not harder.
Ready to take control of your financial future?
Contact Cabral Financial today to connect with a Certified Financial Planner who understands the unique needs of business owners in Canada. Let us help you save on taxes, invest wisely, and build lasting wealth.