How Are Dividends Taxed in Canada? A Business Owner’s Guide
How taxable dividends are taxed in Canada: the gross-up, the dividend tax credit, integration, eligible vs non-eligible, and what dividends do not do for RRSP and CPP.
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
Many business owners are not fully using their corporations to invest and manage tax. The good news is that it is never too late to start. If you want to reach financial freedom sooner, here are five corporate strategies to help you make the most of your investments and manage tax through your corporation. 5 […]
Salary vs. Dividends: How to Pay Yourself
Which is right for you, salary or dividends? Being incorporated gives you flexibility in how you pay yourself, and that choice can affect how much tax you pay and how you save for retirement. Let’s walk through the trade-offs so you can make an informed decision with your advisor. The difference between paying yourself a […]
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 […]