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.
Holding Company in Canada: Is It Worth Setting One Up?
Adding a holding company to the corporate structure is a popular strategy for large businesses, but smaller businesses and entrepreneurs can also benefit from having a holding company. Let’s take a look at what a holding company is and the benefits of setting up a holding company in Canada. What is a Holding Company? A […]
How to Set Up Your Corporation for Success
Setting up a corporation for your business offers some of the most lucrative financial planning benefits and opportunities. When setting up your corporate structure, you should consider three components: an operating company, a holding company, and a family trust. First Step: Should You Incorporate? If you’re not incorporated, doing so will open up many options […]
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 […]
Shareholder Loans: What it is and How Does it Work?
Whether you’re the sole business owner or a shareholder in an incorporated partnership, understanding shareholder loans is essential to maximizing the benefits of your corporate structure. In a time when interest rates are increasing, a shareholder loan can be a great option that offers lower interest, more flexibility and control. Let’s dive into what a […]
What is a Family Trust and How Does it Benefit Business Owners?
Setting up a family trust as part of your corporate structure can provide benefits, including asset protection, succession and estate planning, and tax savings. Let’s get into how powerful of a tool a trust can be for business owners. What is a Trust? A trust is a legal arrangement used to transfer the management and […]
How to Invest Inside Your Holding Company
You have cash built up inside your holding company, and you’re ready to invest it and make that money work for you, but where do you start? In this blog, we’ll share the best ways to invest inside your holding company and what to invest in. Let’s start with the basics—what a holding company is […]
Should My Spouse be a Shareholder of My Company?
You likely already share a home with your spouse, but should you share your business and make your spouse a shareholder, too? Deciding whether to have your spouse as a joint company owner is a complex decision that depends on various factors. You must consider the nature of your relationship, individual involvement in the business, […]
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. […]