Webinar: New Changes to Small Business Tax

This webinar focuses on the proposed changes to small business taxation by the Liberal Government and how they will impact you.

New Tax Increase on Family Business Transfers in Canada (2018)

Planning on transferring your business to a loved one? Find out about the new proposed tax rules by the liberal government that will increase taxes on small business owners who are retiring and transferring their family business to the next generation.

How to Purchase a Primary Residence with a Corporation in Canada

Are you a business owner that would like to purchase a new home with your corporate savings. If yes, read further to learn how.

Part 2 – How to Prepare Business Taxes for Self-Employed Individuals

Find out how to complete form T2125, the Statement of Business Activities Part 2 in 3 easy steps. This is meant for self-employed individuals who would like to complete their tax return independently on specific sections, including home-office expenses, vehicle expenses, and Capital Cost Allowance.

How to Prepare Business Taxes for Self-Employed Individuals

Find out how to complete form T2125, the Statement of Business Activities Part 1 in 6 easy steps. This is meant for self-employed individuals who would like to complete their tax return independently on specific sections, including home-office expenses, vehicle expenses, and Capital Cost Allowance.

How to Prepare a T4 Slip

What is a T4 slip? A T4 slip reports salary and wages paid by a Canadian corporation to its employees.  In order to prepare a T4 slip, you must follow these 12 easy steps below.

How to Prepare a T5 Slip

A T5 slip reports dividends paid by a Canadian corporation to its shareholder(s). In order to prepare a T5 slip, you must follow these 8 easy steps below.

5 Best Business Tax Tips for the Year End

Take advantage of these 5 tax tips before the end of the year and save taxes for your business.

Minute Books: Why They Are Essential For Your Business

What are “Minute Books?” Your corporation’s Minute Book is an official record of your company’s activity including: Documentation that proves your corporation exists. The names of all shareholders, officers and directors that have been in the company since incorporation. Share transfers and insurance. Proof that every step was taken to activate the corporation after incorporation. … Continue reading Minute Books: Why They Are Essential For Your Business

Benefits of Using an Accountant to Incorporate your Business

If you are planning on incorporating your business, hiring an experienced accountant is one of the best investments you can make! An accountant will give you 1 on 1 tax planning advice and give you a proper corporation structure based on your and your family’s tax situation. Once your accountant knows of your tax situation, … Continue reading Benefits of Using an Accountant to Incorporate your Business

Tax Write-Offs for a Small Business in Canada

If you own a small Canadian business, it is beneficial to claim these 8 tax write-offs, as they will help reduce your business’ taxable income and taxes payable.

Transferring Business to Family Member in Canada

As a baby-boomer coming close to retirement, you may consider transferring your business to a loved one in the future. Here are a few simple tips to get you started.

Tax Strategies for Physicians in Canada

Are you a physician or medical doctor who ncludings tired of getting beat down by the taxman? In this article, we will share 4 unique tax saving strategies for medical doctors in Canada.

Top Tax Saving Strategies for Small Businesses Webinar

If you missed our Webinar for Top Tax Saving Strategies for small businesses, you can watch it here!

How the 2016 Budget Could Affect CCPCs in Canada.

Canadian-Controlled Private Companies (CCPCs) currently enjoy a low business federal tax rate of 10.5% for profits below $500,000. Profits that exceed $500,000 are taxed at a higher federal rate of 15%. Provincial tax rates are extra. Previously, the Conservative Government planned to reduce the low federal tax rate (10.5%) to 9% over four years. However, … Continue reading How the 2016 Budget Could Affect CCPCs in Canada.

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