Paying yourself a salary or dividends is one of the most important business decisions to be made by business owners in Canada. Both of these alternatives have tax implications, advantages, and disadvantages that can greatly affect your personal and business finances....
A corporation is a type of legal business structure; it stands as a separate legal entity from its owners; there are private corporations and public corporations, private corporations cannot sell their shares and can be created by one or more people, whilst public...
If you own a Canadian Controlled-Private Corporation (CCPC), you are probably familiar with the method of paying dividends to your family members in order to reduce the overall tax you pay to the CRA. Most CCPC's do this, but it is vital that you make sure you are...