Tax Tip Tuesday!

Tax Tip Tuesday : Paying Yourself a Salary vs. Dividends A traditional rule of thumb for small business owners is to pay themselves a large enough salary to make the maximum CPP and RRSP contributions. There is however, no requirement to take a salary at all. In fact,...

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Give your kids money. No, really.

Income splitting can be a powerful tax planning tool. However don't forget that family law rules can come into play as well. From The Globe and Mail: Give your kids money. No, really -...

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