Corporate tax implications of retaining profits inside a Canadian corporation
Corporate Tax Implications of Retaining Profits Inside a Canadian Corporation One of the main...
Corporate tax implications of paying dividends instead of salary in Alberta
Paying Dividends Instead of Salary in Alberta: Corporate and Personal Tax Implications for...
Corporate tax filing requirements for an inactive corporation in Alberta
Corporate Tax Filing Requirements for an Inactive Corporation in Alberta Many Alberta business...
Corporate tax implications of retaining profits inside a Canadian corporation
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...
Corporate tax implications of paying dividends instead of salary in Alberta
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
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...
Corporate tax deductions available to incorporated doctors in Alberta
Corporate Tax Deductions Available to Incorporated Doctors in Alberta Incorporating a medical practice can create planning opportunities, but only if the corporation’s expenses are properly deducted and documented. This guide explains the main deductions...
Can a corporation deduct professional development and training expenses for its employees
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
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
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...
Can a Canadian corporation pay personal expenses on behalf of its shareholder
Can a Canadian Corporation Pay Personal Expenses on Behalf of Its Shareholder? Yes, a Canadian corporation can physically pay a shareholder’s personal expenses. The real question is how the payment is treated for tax and corporate law purposes. Handled...
Can a Canadian corporation pay personal expenses on behalf of its shareholder
Can a Canadian Corporation Pay Personal Expenses on Behalf of Its Shareholder? Yes, a Canadian corporation can physically pay a shareholder’s personal expenses. The tax result is the problem. The Canada Revenue Agency (CRA) treats these payments as a benefit to...
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