Dividend, Bonuses, Salaries, Shareholder Loan Repayments, Tax Free Capital Dividend Account Dividends or Other Compensation Methods? These are just some of the options to consider putting income into the hands of the owners of the business with the least amount of tax becoming due – but each situation is different and there’s no ‘one…
Businesses have various different tasks to complete on a regular basis, besides the general selling and marketing tasks required for success. One area which should never be overlooked is accounting. Failure to file your taxes on time, and failure to actually charge the right taxes in the first place, could lead you towards total business…
This article is written to assist Canadian individuals who may find themselves in a situation where they need to file United States income tax returns. This could be the result of many reasons including; owning and renting property in the U.S., selling vacation property, or receiving investment income etc. Canadian residents who are required to…
The Personal Budget Calculator and Budget Worksheet are presented in Excel. These tools are something everyone should complete as a first part of their financial planning. These documents may be saved and adjusted at a later date if there are changes or additions to data. See the instructions on the opened worksheets. Let us know…
Incorporating your business makes ultimate sense once profits exceed your living requirements by a certain amount, as the surplus, if it remains within the company, is taxed at much more favourable results on corporations (encouraging companies to retain earnings). However, even then there is still more that can be done to protect those earnings…