What are the Tax planning tips for business owners? Watch Video
Allan Madan, CPA, CA
This article is about tax planning tips for self employed individuals, Read More…
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The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CPA, CA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
Thanks so much for all your resources online.
If I pay my dentist directly with a cheque from my corporate account, I presume I would need to declare this amount as a taxable benefit on my personal tax return? I have no employees and only take a dividend from the corporation.
Hi Claire,
Yes, this is a taxable benefit to you personally.