business and corporate tax Archives

2019 Tax Rules on Investment Income for Canadian Controlled Private Corporations

The Liberal Government of Canada recently introduced new tax rules, which come into effect in 2019, for the taxation of investment income earned by Canadian controlled private corporations (CCPCs). If you are a Canadian business owner that invests through your company, then keep reading to learn more.

New Income Splitting Rules for Canadian Corporations (2018)

Do you own a Canadian private corporation and want to pay dividends to your family members? The new income splitting rules introduced by the federal government make it more difficult to do so. Keep reading to find out what you need to know about these new rules.

Year End Tax Planning for Business Owners (2018)

Are you ready for 2018? Learn about the three tax planning tips for business owners to take advantage of before the year-end.

Webinar: New Changes to Small Business Tax

This webinar focuses on the proposed new 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.

New Tax Rules for Small Businesses in Canada (2018)

Do you own an incorporated small business? Learn about the new changes made by the government to small business taxation, which you should be aware of and how they can impact you.

Purchasing 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

Français 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.

Part 1: How to Prepare Business Taxes for Self-Employed Individuals

Français 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

Français 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

Français 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

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

Tax Write-Offs for a Small Business in Canada

Français 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.

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