Archive for the ‘Business Tidbits’ 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 [...]

Why students should file taxes

Special Tax Filing rates for Students
Accounting Troubleshooters is pleased to offer a $29.95 special pricing for students tax returns. To qualify, a student must have at least four months of full time enrollment at a high school, college or university. Why students should file a tax return:
Every student should [...]

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