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Active Business Income vs. Passive Income for a Canadian Corporation: What Small-Business Owners...

Corporate Tax Planning Strategies for Canadian Companies with Retained Earnings If your...

Corporate Tax Implications of Retaining Profits Inside a Canadian Corporation One of the main...

Active Business Income vs. Passive Income for a Canadian Corporation: What Small-Business Owners Need to Know If you own a Canadian corporation, the Canada Revenue Agency (CRA) does not tax every dollar the same way. Whether income is active business income (ABI) or...

Corporate Tax Planning Strategies for Canadian Companies with Retained Earnings If your corporation has been profitable for a few years, you probably have a growing balance of retained earnings and a practical question: should that money stay in the company, be...

Corporate Tax Implications of Retaining Profits Inside a Canadian Corporation One of the main reasons Canadian entrepreneurs incorporate is the option to leave profits in the company instead of paying them out personally. Retaining earnings can fund growth and defer...

Paying Dividends Instead of Salary in Alberta: Corporate and Personal Tax Implications for Small-Business Owners If you own an Alberta corporation, you have to decide how to get money out of it. The usual choices are salary, dividends, or a mix. The right answer...

Corporate Tax Filing Requirements for an Inactive Corporation in Alberta Many Alberta business owners assume that a corporation with no sales, no employees and no activity can simply be left alone. For tax purposes, that is rarely true. A corporation is a separate...

Can a Corporation Deduct Professional Development and Training Expenses for Its Employees in Canada? Training helps employees grow, helps your business stay competitive, and often helps you keep good people. For most Canadian corporations, reasonable employee training...

Can a Corporation Deduct Professional Development and Training Expenses for Its Employees? Yes. In most cases, a corporation can deduct professional development and training expenses for its employees. The expense must be ordinary and necessary for the business,...

Can a Corporation Claim GST Input Tax Credits on Vehicle Expenses in Alberta? Yes, a GST-registered corporation in Alberta can claim input tax credits (ITCs) on vehicle expenses. The credit is limited to the portion of each expense used to earn taxable income. Some...