Table of Contents Filing your taxes is more than just a legal formality in Canada. It ensures compliance with the Canada Revenue Agency (CRA) and keeps you eligible for valuable tax credits and benefits. But what happens if you fail […]
Table of Contents Many of our clients, who are business owners, usually ask us this question: How should I pay myself? Now, if you have a corporation, there are several ways which you can deploy to pay yourself: Salary: A […]
In today’s dynamic economy, personal service businesses (PSBs) are gaining prominence. These businesses are typically defined as companies that offer services performed by individuals, From trucking businesses to consultants, PSBs are diverse. However, they are faced by serious negative tax […]
The article discusses the Tax on Split Income (TOSI) rules in Canada and their impact on paying dividends to spouses and adult family members from incorporated businesses. Keep in mind that Dividends can be paid to the holder of a […]
Table of Contents Introduction In the intricate web of corporate operations, the role of a director is pivotal, not only in steering the company towards its goals but also in ensuring compliance with various legal and financial obligations. Among these […]
