by James Gustafson | Feb 13, 2011 | Accounting, Incorporation, Taxation, Uncategorized
If you have an incorporated business and pay yourself, family members or other employees a wage or dividends from your company then your company is required to file a Tslip information return to the CRA by no later than February 28th each year to report these...
by James Gustafson | Dec 18, 2010 | Incorporation, Taxation, Uncategorized
If you are an incorporated professional in Victoria or an incorporated businessperson have you considered your year end tax planning with your tax advisor? Things to be considering include: optimize your dividend/salary mix from your company – consider your cash...
by James Gustafson | Oct 27, 2010 | Incorporation, Taxation, Uncategorized
With current low corporate tax rates some professionals are opting to forego taking money out of their company to place into an RRSP and are instead leaving the money in the company to invest, saving within the company and then using dividends from the company as a...
by James Gustafson | Aug 23, 2010 | Incorporation, Taxation, Uncategorized
Greater Cash Flows to Buy Assets or pay debt Currently, a Canadian owned small private company in BC pays significantly lower taxes then an individual operating a non-incorporated business. This fact is useful if you intend to buy business assets or need cash to pay...
by James Gustafson | Aug 22, 2010 | Accounting, Incorporation, Taxation, Uncategorized
Buying a business can be an exciting time. You’ve found something you believe will be a good investment and generate positive cash flow for years to come. Before signing on that dotted line, however, have you considered these factors: Why is the vendor...
by James Gustafson | Jul 7, 2010 | Incorporation, Taxation, Uncategorized
This blog will discuss some of the typical decision making processes that you should consider when discussing with your accountant the most efficient form of receiving income from your company. Each situation will, of course be unique, and even the same individual may...
