Working Income Tax Benefit (WITB)

Common-Law Relationships – Impact on Filing your Taxes

By Webmaster|2017-01-02T20:23:16-07:00April 2nd, 2014|Personal Taxation|

Common-Law relationships are common in today's society. Unfortunately, many people do not know that they have an obligation to inform the Canada Revenue Agency of this change in their marital status. In CRA's view, you become common-law with someone when the following happens: You are involved with a person who is not your spouse, with whom you are living in a conjugal relationship, and to whom at least one of the following situations applies. He or she: has been living with you in a [...]

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 [...]

Working Income Tax Benefit (WITB)

April 2, 2014

Common-Law Relationships – Impact on Filing your Taxes

Common-Law Relationships – Impact on Filing your Taxes

December 21, 2012

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