# Noulty Financial
> Whether you’re starting your business, developing your practice or considering stepping aside; we offer vision, know-how, plus industry-leading wealth and insurance solutions to business owners who need advice to manage complex financial situations.

Email: hello@noultyfinancial.com
Phone: 1 (519) 473-8000
Address: Unit 34 1615 N Routledge Park. London ON

## Pages

- [Wealth & Insurance Planning for Business Owners](http://noultyfinancial.com/) — Expert financial planning for business owners. Succession planning, tax efficiency, wealth management. Request a…
- [The Noulty Team](http://noultyfinancial.com/team/)
- [Specialties in Wealth Planning & Business Succession Strategy](http://noultyfinancial.com/specialties/) — Explore our financial specialties: wealth planning, estate planning, tax strategies, and business succession. Partner…
- [Group Benefits | Employee Benefit Solutions](http://noultyfinancial.com/group-benefits/) — Attract and retain talent with customized group benefits. RRSP plans, health & dental coverage, and more. Contact our…
- [FAQ | Financial Planning Questions Answered](http://noultyfinancial.com/faqs/) — Get answers to your financial planning questions. Learn about succession planning, tax strategies, and wealth…
- [Financial Planning Tools & Resources](http://noultyfinancial.com/tools/) — Explore our suite of financial planning tools designed to help you make informed decisions.
- [Contact Our Financial Advisors - Free Consultation Available](http://noultyfinancial.com/contact/) — Reach out to our London, Ontario financial team. Schedule your free consultation and discuss your wealth planning needs…
- [Mortgage Calculator - Calculate Your Monthly Payments](http://noultyfinancial.com/mortgage-calculator/) — Use our free mortgage calculator to estimate your monthly payments. Input your home price, down payment, rate, and…
- [Free Compound Interest Calculator](http://noultyfinancial.com/compound-interest-calculator/) — Calculate your investment growth with our free compound interest calculator. Plan your financial future with accurate…
- [Ontario Income Tax Calculator - Free Tax Planning Tool](http://noultyfinancial.com/ontario-tax-calculator/) — Calculate your Ontario income tax instantly with our free calculator. Plan deductions, CPP, and EI. Get personalized…
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- [Farm Planning](http://noultyfinancial.com/farm-planning/)

## FAQs

- Q: Why choose Noulty Financial Solutions?
  A: Working with our team provides a customized investment and insurance solution based on the priorities of your financial plan. We keep our approach grounded, thoughtful and personal; focused on long-term relationships.
- Q: Should we incorporate the farm or remain a sole proprietor/partnership?
  A: Incorporating can be a big win for a lot of cases, but only if the numbers make sense. Typically, we take into consideration the following: Your farm income & your personal income needs If the business is accumulating money year over year Succession planning Liability protection benefits For some farms, the savings can add up, but for others it doesn’t change much and can start to over complicate a simple operation. We walk clients through both scenarios so they can make a clear and informed decision.
- Q: How do I pass the farm on to my kids without getting hit with a tax bill?
  A: Succession & estate planning is one of the most common topics we cover with farming clients. The good news is that if your operations qualifies as a Qualified Farm or Fishing property , you can often transition the farm to the next generation on a tax-deferred basis.
- Q: If that defers tax, then how do I minimize the tax for future generations?
  A: For minimizing taxes owed by future generations if they were to sell the property. We can utilize tools like the Lifetime Capital Gains Exemption on each generational transition. This would increase the Adjusted Cost Base for the next generation. Using these tools requires planning in advance and a clear structure for the transfer to the next generation. We walk farm families through everyday financial decisions, corporate structure, generational transfer of the farm, how to structure the transfer, and how to make sure the farm remains a viable business for future generations.
- Q: What is probate and how do I avoid paying it?
  A: Probate is a word that comes up frequently when building an estate plan. But what exactly is probate? The best way to think of probate is as a “will activation fee”. It’s the fee the government charges to ensure your will is properly executed and your estate is properly passed on according to your wishes. This fee amounts to 1.5% of the fair market value of your estate (after the first $50,000 of value). Probate is a separate fee from any taxes due on your estate. While it isn’t possible to avoid paying probate on all types of assets, probate can be bypassed by some financial instruments.…
- Q: I’ve recently updated my will and changed the beneficiaries of my estate. Do I need to change the beneficiaries on my investment accounts?
  A: While it is important to keep your will up to date, this is not always enough to make sure your wishes for your estate are properly executed. When it comes to non-registered investment accounts, changing the beneficiary in your will is enough, but the story is different with registered accounts like RRIFs and TFSAs. RRIFs, TFSAs and other registered investment accounts have their own named beneficiaries. In most cases the beneficiaries named on these accounts supersede the beneficiaries named in your will. The same goes for life insurance policies. It’s always important to make sure that you…

## Further Resources

- [Full page index](http://noultyfinancial.com/sitemap.xml) — all pages across all locales