by Alex | Jan 24, 2018 | Corporate tax tips |
For many small business owners, the popular tax planning strategy for year-end is to defer salary. If you don’t have a professional accountant, can you DIY? Sure. Here is what and how. What is the purpose of deferring salary? The top reason is to reduce taxable income...
by admin | Jan 12, 2018 | Corporate tax tips, Personal tax tips
A dividend is simply a distribution of a portion of a company’s after-tax earnings. Dividends can be issued in various forms, cash payments, as shares of stock, or other property. But today, we talk about the basic cash dividend only. Do you know the amazing...
by Alex | Dec 27, 2017 | Corporate tax tips
In my previous blog “Selling assets from seller’s perspective”, I touched on the HST/GST implication on selling assets. Here is the link. Today, I will expand this topic as I came across similar issues with clients quite a few times already. Generally, if a business...
by admin | Dec 2, 2017 | Corporate tax tips, Tax tips
In general, selling your shares in the company that you own, you pay no tax. Why? When you own your business in Canada, assuming the company is a Canadian- controlled private corporation and at least 90% of its assets must be used in an active business in Canada, you...
by Alex | Nov 9, 2017 | Corporate tax tips, Personal tax tips, Tax tips
Selling assets in a business normally is not preferred by sellers. In some situations, due to the status of the business like continuing in a loss position or specialty of the business in nature, sellers have no choice but sell the assets in order to attract investors...
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