Real estate and taxation
It's important to note that tax laws are subject to change, and it's advisable to consult with a tax professional…
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What is the difference between salary and dividend ?
Salary and dividends are two different forms of compensation that business owners can receive from their companies. The main distinctions…
Can I claim the taxes GST/HST paid on the vehicle ?
The ability to claim the Goods and Services Tax (GST) or the Harmonized Sales Tax (HST) paid on a vehicle…
Can I purchase a car with my company ?
Yes, it is possible to purchase a car through your company. Many businesses choose to acquire vehicles for various purposes,…
Can I charge a rent to my company if I use my house for business purpose ?
Yes, in Canada, it is possible for a business owner to charge their company rent for the use of their…
Can my spouse receive a salary or dividend in my corporation ?
The ability of your spouse to receive a salary or dividends from your corporation depends on various factors, including the…
How to avoid interest and penalties on corporate tax?
Avoiding interest and penalties on corporate taxes in Canada, or any other jurisdiction, involves careful compliance with tax regulations and…
When is the best time to upgrade from sole proprietor to Incorporation ?
Deciding when to incorporate a company instead of operating as a sole proprietor in Canada depends on various factors related…
Why should I incorporate a holding company?
Creating a holding company can offer various advantages for businesses and individuals engaged in multiple ventures. Here are some common…
What is the capital gains exemption deduction ?
The capital gains exemption deduction refers to a tax benefit available to individuals who realize capital gains on the disposition…