Shareholder Benefits in Canada: What They Are and Tax Rules
If you own shares in your own company — maybe a small incorporated business or professional corporation — you’ve probably heard…
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Shareholder Loan in Canada: How It Works and Tax Rules
Imagine you own a small business (a corporation). One day, you need $20,000 for your personal use (say, to fix your…
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Lease vs Finance a Vehicle: Pros, Cons and Tax Insights
When a small business or professional corporation in Canada considers acquiring a vehicle, the question arises: Should you lease or finance…
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17 Common CRA Audit Triggers: Tips for Small Businesses
If you operate in Toronto, Scarborough, Markham, Mississauga, Brampton, Vaughan, Richmond Hill, North York, Pickering, Ajax, Whitby, Oshawa, Oakville, Burlington, or…
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15 Major Challenges Small Business Owners Face in Canada
Canadian small businesses—from Toronto and Scarborough to Markham, Mississauga, Brampton, Vaughan, Richmond Hill, North York, Pickering, Ajax, Whitby, Oshawa, Oakville, Burlington,…
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Employee vs Contractor: Differences, Risks and De-Risking Tips
Getting “employee vs contractor” wrong is costly: payroll reassessments, penalties, and reputational fallout. The Canada Revenue Agency (CRA) uses a two-step,…
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Salary vs Dividends: What’s Tax Efficient for Business Owners?
If you’re an incorporated small business owner in Toronto or anywhere across the GTHA and Canada, you’ve probably asked yourself: Should…
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Incorporation vs Sole Proprietorship: Which Offers Tax Savings?
If you’re running a small business or side hustle in Canada, you’ve likely asked yourself: “Should I incorporate, or stick with…
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