Archive for the ‘Business Solutions’ Category

Salary or Dividend

If you own a corporation, as a shareholder, you have the option of paying yourself a salary or dividend.
There is no simple answer to this question, it depends on a number of factors;
The shareholder/owner
- income level
- cash flow requirements
- RRSP and TFSA contribution room
- age
The Company
- forecasted income for the year
- any other shareholders
Advantages/Disadvantages of [...]

To Register or not to Register HST

Should you register for GST/HST?

You have to register for GST/HST if:

you provide taxable supplies in Canada; and
you are [...]

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