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Guaranteed Advantage: Protect your savings from creditors

12/11/2014

We are always on the lookout for great new products to protect small business. Guarantee Advantage ® is a great alternative to the banks GIC's with the Advantage of creditor protection and beneficiary designation in the event of death that save probate fees and protecting the inheritance you want to leave your loved ones. Want to make sure they're paid quickly to eliminate worries and hassles when they're settling your estate?

Your savings are 100% protected: Guarantee Advantage® fully protects your principal in the event of death to ensure that you don't lose any money.

Prompt and confidential payment. Because Guarantee Advantage is offered through a life insurance company and includes a Beneficiary designation, it doesn't become part of your estate.

In the event of death, the guaranteed principal is paid directly and confidentially to your Beneficiary* without delay or estate settlement fees.** This means that your spouse or loved one designated as beneficiary will have quick access to the money they need to pay for funeral expenses or cover any immediate financial obligations.Do you own a business? Are you self-employed or a professional, such as a doctor, lawyer or notary? Guarantee Advantage® may provide you with essential creditor protection.

Ensure you and your loved ones are protected in the event of financial difficulties Since Guarantee Advantage is a Contract issued by Desjardins InsuranceDesjardins Insurance refers to Desjardins Financial Security Life Assurance Company., it includes a Beneficiary designation. In the event of bankruptcy or legal action,* this designation could prevent your creditors from seizing your investment, helping ensure you and your loved ones are protected. For more information on this product or other RRSP, TFSA, alternatives please call member services at 1-844-940-5927 or (902) 940-5927

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Why Buy Local: Key Small Business Stats

12/10/2014

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Key Small Business Statistics

Number of Businesses

As of 2012, there were just over 1.08 million small businesses in Canada that had employees (excludes self-employed entrepreneurs and indeterminate businesses). Ninety-eight percent of businesses in Canada have 1 to 99 employees.
Taking into account entries and exits, the net increase in the number of small businesses was almost 22,000 over the 2008–2009 period.

Employment

As of 2012, small businesses employed over 7.7 million individuals in Canada, or 69.7 percent of the total private labour force.
Small businesses created a little over 100,000 jobs, on average, between 2002 and 2012, accounting for almost 78 percent of all private jobs created on average.

Survival

Survival rates for small and medium-sized enterprises in Canada decline with time. About 80 percent of enterprises that entered the marketplace in 2008 survived for one full year and 72 percent of enterprises that entered the marketplace in 2007 survived for two years.
The number of business bankruptcies in Canada fell by 56 percent between 2000 and 2010 to about 3,200 in 2012.

Growth

High-growth firms are present in every economic sector and are not just concentrated in knowledge-based industries. In terms of employment, the highest concentrations of high-growth firms in Canada during the 2006–2009 period were in construction (4.9 percent of all firms); business, building and other support services (4.6 percent); and professional, scientific and technical services (4.5 percent).
Over 50 percent of firms in both the manufacturing and service-producing sectors expect to grow between one and ten percent from 2012 to 2014.

Innovation

In 2009, small businesses accounted for 31 percent of total research and development expenditures, spending $4.8 billion.
From 2009 to 2011, the highest percentages of small and medium-sized enterprises that innovated were found in manufacturing; knowledge-based industries; and professional, scientific and technical services.

Exports

In 2011, only 10.4 percent of small and medium-sized businesses exported. Nonetheless, they were responsible for $150 billion, or about 41.0 percent, of Canada's total value of exports.

Contribution to Gross Domestic Product (GDP)

As of 2008, depending on various estimates, small businesses contributed between 25 and 41 percent to Canada's GDP.

Business Owner Characteristics

In 2011, almost 14 percent of small businesses were solely owned by females, while over 18 percent were owned in equal partnerships between male and female owners.
In 2011, almost 50 percent of all small and medium-sized enterprise owners were between 50 and 64 years of age, and over 77 percent of business owners had more than 10 years of experience.

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Guaranteed Advantage: Protect your savings from creditors

Why Buy Local: Key Small Business Stats

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