Tag: business and corporate tax

How Corporations are Taxed on Dividends Received Watch Video

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

2014 Year End Tax Tips for Business Owners

As part of our ongoing efforts to better engage and provide value to our clients, we regularly conduct informational tax webinars. Our webinar on February 20, 2015 focused on year end tax tips for business owners. Some of the topics covered in this webinar included:

Tax Implications of Mergers in Canada

Tax Implications of Mergers Mergers and amalgamations encompass a broad range of transactions. Their tax issues vary depending on a number of factors, including: whether the target company is public or private, whether the target is a resident or non-resident of Canada, impact of the year-end of both companies, application of capital and non-capital losses, … Continue reading Tax Implications of Mergers in Canada

Year-End Tax Tips for 2014

Tax management is very critical, especially for small and medium-sized businesses. This article provides many year-end tax tips for 2014 that you can take advantage of to save your business more money. 1)    Withdraw funds from your corporation in a Tax-effective manner: Salary and/or Dividends Pay Salary /Bonus from the corporation: Advantages Salary/bonus constitutes as … Continue reading Year-End Tax Tips for 2014

Is it Better to Receive Management Fees or Salary from Your Corporation? Watch Video

Are you an incorporated business owner? Have you wondered about paying yourself management fees or a salary?

How to Deduct Meals and Entertainment for Clients from Business Income? Watch Video

Did you know that you can deduct meals and entertainment for clients from your business income?

Saving Tax on Life Insurance Premiums

 Tax Treatment of Life Insurance Premiums Normally, life insurance premiums are not deductible by individuals or corporations for tax purposes. However, there are a few exceptions which are discussed below. Life Insurance Policy Used as Collateral for Loan Life insurance premiums (or a portion of it) may be tax deductible if the policy is required … Continue reading Saving Tax on Life Insurance Premiums

Year-End Tax Strategies

TAXATION It’s never too early to start planning your year-end tax strategies. For many businesses, the month of October signals that the end of the fiscal year is not far away. Realizing that December 31 is fast approaching should prompt you, as an owner-manager, to review your year-to-date corporate and personal data and start putting … Continue reading Year-End Tax Strategies

Do I Have to Pay Tax on a Company Car?

A common trend among many small business owners is having a company car. What a lot of small business owners do not realize is that if they make their car accessible to employees then they may have to pay additional taxes. Some applicable taxes that are levied are standby charges, operating cost benefits, taxable automobile … Continue reading Do I Have to Pay Tax on a Company Car?

How Do I Give Money to my Startup Business? Watch Video

When you have a new business venture it can be difficult generating cash and capital.

Tax Implications of Selling a Dental Practice in Ontario

Are you a dentist with a practice? If you are, you know there are few harder decisions than selling your business. After all, you have put your money and effort into building your reputation. There are also complications involving sales, such as finding a buyer and minimizing tax. Dentists simply cannot afford to sell without … Continue reading Tax Implications of Selling a Dental Practice in Ontario

What are the tax benefits of a holding company? Watch Video

Are you wondering what are the tax benefits of a holding company?

Tax Benefits of Life Insurance for Business Owners Watch Video

There are many benefits that a corporation can gain from getting life insurance.

Disadvantages of a Corporation Watch Video

While corporations have many benefits, there are also some drawbacks.

What are the Advantages of a Corporation? Watch Video

If you have a business then it might be a good idea to consider incorporating into an corporation

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