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 […]
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? […]
4 Ways to Invest The Extra Cash In Your Corporation
A common problem clients come to us with is not knowing what to do with the extra cash sitting in their corporation. Although having extra cash built up inside your corporation is great, you miss out on opportunities to grow your wealth when it’s just sitting there. What Should You Do With the Extra Cash […]
How Capital Gains Work for Business Owners
What Are Capital Gains? Capital gains are the profits you make from selling capital property such as real estate, stocks, business assets, units of a mutual fund, or land. You or your business will realize a capital gain when you sell a capital property for more than its cost plus any expenses incurred. This is […]
Should You Own Rental Property in Your Holding Company?
Owning real estate is on the mind of many business owners. A question that comes up often is: should I own my rental property inside my holding company instead of personally? The answer depends mainly on tax, and on your goals. Here is one important thing to understand first: rental income earned inside a holding […]