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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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Tax Tip Tuesday!

One of the most significant considerations when deciding whether or not to incorporate your business is the small business deduction. Ontario active businesses can access tax rates as low as 15.5% on corporate profits retained in their businesses to fund growth....

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