Pay Less Tax on Your Home-Based Business
June 30, 2020Pay 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
April 26, 2020Subsection 50(1) Election Tax Relief on Losses with Bad Debts, Defunct Shares and Bankrupt Corporations As investors, there may be times when you hold shares or debt of a company
Tax Free Inter-Corporate Dividends
April 13, 2020Tax Free Inter-Corporate Dividends Dividends are distributions of a company’s assets to one or more classes of shareholders proportional to the shares owned. This commonly involves distributions of profits held
Tax Laws & Partnerships: How You Structure Your Business Matters
January 12, 2020Tax 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?
October 7, 2019Salary 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
October 6, 2019Shareholder 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 86 Estate Freeze | Section 85 Rollover | Minimize Your Tax Obligations
March 17, 2019Section 86 Estate Freeze | Section 85 Rollover | Minimize Your Tax Obligations Paying taxes later and less of them is always a good thing. Thankfully, there are several provisions
Small Business Tax Changes Mean More Tax, Not Less in 2019
February 27, 2019Small 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
January 1, 2019Income 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
Capital Gains Exemption: Everything You Need To Know
December 24, 2018Capital Gains Exemption: Everything You Need To Know Here’s everything you need to know about the capital gains exemption in Canada: Who doesn’t want to reduce their tax burden? Smart
