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How Should Vancouver-based Business Owners Go About Paying Themselves?

Tax Tip for Business Owners Here is a good tax tip that greatly benefits young entrepreneurs and businesses trying to survive the effects of the current recession: If you are the owner of an incorporated business, there are two ways to pay yourself – wages and dividends. Why are dividends the better way to pay yourself? Most of us are

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To Incorporate or Not, Vancouver?

Many small business owners are aware of the considerable tax benefits afforded to incorporated businesses in terms of very low corporate tax rates, but incorporating too early is a common tax planning blunder these days. Of course, there are many legal considerations to incorporating a business such as limiting liabilities. Even then, it is a legal debate whether incorporation will

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