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Category: Business & Corporate Tax
How can I get tax free benefits from my corporation?
Do you own a small corporation in Canada? Did you know that you could receive tax-free benefits from your corporation? In this video, I will highlight 3 types of tax benefits that you can get – A company car, medical expenses, and pension.
The Rise of Transfer Pricing Disputes
The Rise of Transfer Pricing Disputes Many multinational companies are using techniques to either avoid or lower their taxes by taking advantage of the fact they have a parent company or subsidiaries in other countries. The CRA, IRS, and other tax authorities are auditing taxpayers with greater scrutiny in regards to transfer pricing issues so … Continue reading The Rise of Transfer Pricing Disputes
Advantages of incorporating a business under Section 85.
Are you self-employed? If yes, you may want to think about eventually turning your business into a corporation. There are financial benefits that can be gained by choosing to incorporate.
Year-end bonuses vs. dividends from company profits.
With the end of the year approaching, business owners must make important decisions quickly to reduce their business taxes for the year, one of which is paying out bonuses. Read further to figure out what decision is best for you.
Why Canada Needs Corporate Tax Reform
Much of the political rhetoric surrounding the Liberal Party’s win in the Canadian Federal election was centred on this notion of ‘change’, a promise of progressive changes that Canada needs in order to escape from the shadows of its Conservative predecessor. While looming issues such as the United Nations Climate Change Conference, the Trans Pacific … Continue reading Why Canada Needs Corporate Tax Reform
2015 Canadian Federal Election and Taxes
With the Canadian Federal Election coming up, it’s important to know where the three main parties stand in regards to both personal and corporate tax.
Reducing Tax with Corporate Life Insurance
Business owners looking to save tax, and protect their assets should read this. In this article, I will briefly explain how a corporate life insurance policy can be used to reduce taxes and creditor proof assets.
How to Reduce Taxes on Earn-Outs in Canada
Earn-outs can be an effective way to earn additional money from the sale of your business based on its future financial performance. This article will explain how earn-outs are taxed on the sale of a business in Canada. Anyone who is planning to buy or sell a business should consider reading this.
Reducing corporate tax with inter-corporate management fees.
Inter-corporate management fees can be an effective method to reduce overall corporate tax of a corporate group
Tax on Related Party Transactions
If you own multiple corporations by yourself or with family members, then this article is for you. In this article, I will explain the tax treatment of transactions between related corporations.
Key insights on transfer pricing for businesses.
Does your company do business with related foreign companies? If the answer is yes, this article is for you. I will briefly describe the Canadian transfer pricing issues that you need be aware of.
Tax Implications of Crowdfunding
Today we are talking about crowdfunding and it’s tax implications. So if you’ve ever thought about using this new method of raising capital to startup your new business, or to develop a market for a new product
Deductible electronic gadgets for businesses.
Many small business owners do not realize that a large majority of electronic gadgets and equipments that they use in the operation and functionality of their business are taxable.
Why Does Your Corporation Need a Minute Book?
Do you own a corporation? Why does your corporation need a minute book? Proving your corporation is legitimate relies heavily on your Minute Book. Learn what a Minute Book is, and how it can help your corporation.
Benefits of Using Your Personal Vehicle for Business
Has your company offered to pay for your vehicle expenses as a taxable benefit? If yes, it is time to reconsider your answer! Avoid paying taxes and deduct a portion of your car costs simply by using your personal car for businesses purposes.
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