Taking More Remuneration from Your Corporation Can Be Good Tax Planning

In a prior post, I discussed why using up the lower personal tax brackets every year is good tax planning. In this post, I plan to further discuss the tax benefits of increasing shareholders remuneration from the CCPC. Tax Benefits of Increasing Shareholders Remuneration From The CCPC Since the current Liberal Government has come into power back in 2015, there

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Tax Planning is More Than Minimizing Taxes for the Current Year

As the tax advisor for successful businesses in Vancouver, I have my share of owners who spend money as fast as they make it. For these spendthrifts, tax planning essentially boils down to cash management. And I have another group of successful business owners who are obsessed with paying little tax as possible come April 30. As I explain to the

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Salary or Dividend? Shareholder Remuneration Revisited 2021

Recently, I decided to crunch some tax numbers for shareholders of a CCPC who are hoping to increase their take home pay in order to get into the BC real estate market.  Canadian taxpayers know that the tax rates in recent years have crept up.  What is commonly less known is that the tax rules and rates pertaining to dividends

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