by Webtax Admin | May 4, 2021 | small business accounting, small business tax accountants, tax
So, you own a small business, and we’re here to help you with some strategies to assist in your year-end tax planning. The two major challenges that you are going to face are tax and succession planning (Succession refers to nominating the next of kin for the...
by Webtax Admin | Apr 27, 2021 | tax, tax planning
Many businesses owns in Canada prefer to incorporate their business instead of operating as a sole proprietor because of the many tax benefits attached with business incorporations, the four most significant tax benefits of business incorporations are the following:...
by Webtax Admin | Nov 22, 2020 | Accounting, small business accounting, small business tax accountants, tax
Thinking of initiating a Small business in Canada but confused due to the high-income taxes you may have to pay or do you already have a small business and fed up with paying high tax rates? Well, the good news is you can in fact lower your taxes on Small business in...
by Webtax Admin | May 18, 2020 | Accounting, small business accounting, small business tax accountants, tax
Are you or are you planning to set up a Small business corporation in Canada? You can enjoy tax-free benefits from your corporation, there are a number of benefits that you may be eligible to receive and that too tax-free, this guide will tell you exactly how. You may...
by Webtax Admin | May 13, 2020 | small business accounting, small business tax accountants, tax
Interested in purchasing a home in Canada? You can now buy your dream home using a corporation, there are many benefits of using corporations to purchase a home, and the reason why homeowners prefer corporations to hold properties rather than holding them personally...
by Webtax Admin | Apr 28, 2020 | Accounting, small business accounting, small business tax accountants, tax
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...
