Related content Videos Should I Incorporate My Small Business? Rolling your Business into the Corporation Tax Brackets and Marginal Taxes Rates Readings Considerations for Incorporating Your Small Business Rolling Your Business Into a Small Business Corporation By structure, we really just mean who is in business here? Is it you? Is it you and another […]
(Please Note: This blog has been written for Canadian Citizens and Permanent Residents of Canada.) What You Need to Know If you own a residential property in Canada, you may be subject to the Underused Housing Tax (UHT). This annual 1% tax applies to the ownership of vacant or underused housing and came into effect […]
If you have been running a business for a while now, you may have considered incorporating it. However, this process involves rolling your sole-proprietorship or partnership into the newly formed corporation. Before you take this step, there are several things you need to consider. One important consideration is the tax implications of this process. […]
Are you ready to say goodbye to debt and hello to financial freedom? If you’re feeling overwhelmed by debt and unsure of how to get out of it, don’t worry – you’re not alone. But fear not, because with a solid plan and some determination, you too can become debt-free and regain financial stability. The […]
Are you in need of an accountant but don’t know where to start? Don’t worry, you’re not alone. The question of “when do I need an accountant and how much should I expect to pay?” is a common one with many variables to consider. Types of Tax Preparation First things first, let’s address the question […]
Imagine there’s a client out there, just waiting for you and your business. They believe in what you do and share your values. They don’t mind paying a little extra for quality, and they never complain. In fact, they love your products or services so much that they spread the word and bring in even […]
Pick up the $%#@ Phone! Today I’m going to discuss a simple hack that can clarify communication, build business relationships, increase efficiency, and turn you into a rockstar – and it’s sitting right on your desk. Your phone! In 2018, Adobe surveyed over 1,000 office workers in the USA and found they spent an average […]
Considerations for Incorporating Your Small Business So first off, what the heck does it mean to incorporate your business, anyway? Well, at its core, incorporating means you are transferring your business into a new legal entity that is separate from you. In return for this, you receive shares of ownership in this new entity. You […]
Ways My Small Business Corporation Can Pay Me People often ask me, “what is the best way for my corporation to pay me?” It’s a great question! You do the work, and some of the money should end up in your pocket. How can your company pay you? Draw on your shareholder account Pay yourself […]