BC corporations enjoy a 11% corporate tax rate on the first $500,000 of taxable income from active business due to the small business deduction (“SBD”). Most BC incorporated businesses qualify for this tax break. In fact, many businesses structure its business affairs in ways that can take full advantage of this favourable tax treatment. Consultants Who May Not Be CRA
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
The BC economy is reopening slowly. We need to start planning for the “normal” time again as the physical threats brought about by the pandemic subside. Which means, bc tax planning will move up in importance in the very near future. With all the government assistance and money printing that went on during the heart of the pandemic, taxpayers who
MEW and COMPANY
Chartered Professional Accountants
Suite 418–788 Beatty St. Vancouver, BC V6B 2M1
Tel: 604 688 9198 | Fax: 604 688 9192
Suite 418–788 Beatty St.
Vancouver, BC V6B 2M1
Tel:604 688 9198
Fax: 604 688 9192
Lilly Woo, CPA, CA, CFE, CFP (ext. 1)
Richard Mew, CPA, CA, CFP (ext. 2)
For everything from consultation to a comprehensive corporate tax plan, call us, we’re here to help. Whether you’re an incorporated Canadian business or a Canadian individual, whether you need financial statements or a comprehensive tax and estate plan, we know how to work within the current Canadian tax laws to minimize your tax burden and maximize your net worth
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