Investing Corporately vs. Personally: The Winning Strategy For You
Should you invest your money personally or inside your corporation? Let’s dive into the key differences between investing personally vs. corporately and how to make the most strategic investments that are right for you. Investing Your Money Personally vs. Inside Your Corporation Investing Personally When you invest personally, you have two main options: registered and […]
How to Invest and Save Tax Using Your Corporation
Too many business owners are not properly using their corporations to invest and save tax. The good news is, it’s never too late to start. If you want to get to financial freedom sooner and start doing more of what you love, here are five corporate strategies to maximize your investments and save taxes using […]
Salary vs. Dividends: How to Pay Yourself
Which is suitable for you—salary or dividends? Being incorporated offers countless tax-saving benefits. One of which is the flexibility to decide how you want to pay yourself. You can take control of your finances so your hard-earned money stays with you and your family, not the government. The Difference Between Paying Yourself a Salary vs. […]
How Business Owners Can Pay Less Tax in Canada
Stop throwing your hard-earned money away on taxes. Here are five tips to help reduce your corporate tax bill and pay less tax as a business owner in Canada. 5 Ways to Pay Less Tax in Canada One of the challenges with building more wealth personally and in your corporation is getting hit with bigger […]
The Passive Income Tax Rule Explained: How to Invest & Save Tax
Are you aware of how Canada’s passive income tax rule affects you as a business owner? Many business owners are unclear about the confusing nature of the passive income tax rule. Without a proper understanding of the rule, you risk paying too much tax because you’re not optimizing your investment strategy. What is Passive Income? […]
The Capital Dividend Account Explained for Canadian Business Owners
The Capital Dividend Account is one of the most powerful tools a business owner can use, but very few are using it. This secret notional account could save you millions of dollars in tax. What is a Capital Dividend Account? A Capital Dividend Account (CDA) is generally used by Canadian business owners with a Canadian-Controlled […]