Business & Corporate Tax Archives

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

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.

Are Website Costs Tax Deductible?

E commerce has taken the business world by storm. It is evident that creating a website is an ingredient to building a successful business. Learn how building your small business website can reduce your taxes.

Are Meal Allowances Tax Deductible On Business Travels

Are you an employer who is wondering if meal allowances are tax-deductible? Better yet, are you an employee who is required to travel for work? Is your meal allowance tax-free? Learn the benefits and regulations towards food and meal taxes while traveling. Take a bite out of this week’s Tax Tip.

5 Tax Scams Small Business Owners Should Know

Every small business owner should beware of the tax frauds that are preying on their business. Tax scams are the demise of many small businesses and can lead to criminal investigations on tax evasion, identity theft, and much more. Find out the 5 tax scams that every small business owner should know.

How Corporations are Taxed on Dividends Received

In this blog, I will explain how corporations are taxed on dividends received.

Category: Business & Corporate Tax