Registering for an HST Number: Benefits to Small Business Earning Less Than $30K If you’re a business earning $30k or more in a fiscal year, then you must register for
Pay Less Tax on Your Home-Based Business Is your home where you principally conduct your business? Do you spend most of your business working hours at home? Is your home
Subsection 50(1) Election: Claiming Capital Losses on Bad Debts and Worthless Shares in Canada When a business investment goes wrong, a company becomes insolvent, shares become worthless, or a loan
Tax-Free Inter-Corporate Dividends in Canada: How Section 112 Works When a Canadian corporation pays a dividend to another Canadian corporation that owns shares in it, the recipient can generally deduct
Tax Laws & Partnerships: How You Structure Your Business Matters Are you in a partnership and wondering whether the obligation to pay taxes falls on the individual, i.e. the partner,
Salary vs. Dividends? Which is the best way to receive compensation as the owner of a corporation in Canada? You are the owner of a small business corporation in Canada
Shareholder Loans, Benefits, and Their Risks Incorporation isn’t all upside when it comes to taxes. As with most areas of Canadian law, corporations and their shareholders function as separate persons
Section 85 Rollover and Section 86 Estate Freeze: Tax Deferral and Succession Planning in Canada Two of the most powerful tax planning tools available to Canadian business owners are the
Small Business Tax Changes Mean More Tax, Not Less in 2019 Several of the federal Liberal government’s tax policy changes, first rolled out in the summer of 2017, then amended
Income Sprinkling Canada: Tax Savings Through Income Sprinkling We are now a full year into the Canadian government’s new rules for income sprinkling in Canada using private corporations, whereby income
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