Child Care Expenses

TD1 – 2013 Personal Tax Credits Return(s) and why you should get these filled out by your employees

Before you embark on your first payroll of the year for your employees, it would be of interest to you to get your employees to fill out a TD1 form for both their federal and provincial portions of their tax withholdings. A TD1 form is a Personal Tax Credits Return. When filled this form can allow your employees to get larger net cheques as their payroll cheques will factor in some tax credits that they will usually receive when they file their [...]

As a small business owner, should you pay yourself a salary or dividends out of your company?

By Webmaster|2017-01-02T20:23:17-07:00December 21st, 2012|Business Management, Corporate Taxation, Payroll and Taxable Benefits, Personal Taxation|

In Canada, many small business owners don't realize that they have some options in terms of the type of remuneration they can receive from their company. Each type of remuneration has its advantages as well as disadvantages. Due to the unique circumstances of each business there is never a right answer as to which type of remuneration is best. To you the owner, the type of remuneration you would like to receive depends on your short and long term goals [...]

Child Care Expenses

January 14, 2013

TD1 – 2013 Personal Tax Credits Return(s) and why you should get these filled out by your employees

December 21, 2012

As a small business owner, should you pay yourself a salary or dividends out of your company?