a website dedicated to archiving the tax & estate writings of JAMIE GOLOMBEK
If you’re a business owner who operates through a corporation, you have two main options for deferring taxes when investing your business profits.
When year-end approaches, owner-managers begin to ponder the age-old question: how should I pay myself this year? In other words, should I withdraw business profits from my corporation as salary (bonus) or as dividends?
When it comes to earning investment income inside your corporation, the amount of taxes paid depends on the type of income earned, such as interest income, Canadian dividends or capital gains.
On Wednesday March 22, Finance Minister Bill Morneau will deliver his second federal budget and that ...read more
While most advisors would acknowledge that tax planning should be a yearround affair, ...read more
It’s common for advisors to recommend that parents—and sometimes even grandparents—set ...read more
2017-02When year-end approaches, owner-managers begin to ponder the age-old question: ...read more