What should I do with my Corporate Retained Earnings? As a Vancouver tax advisor to small, privately held Canadian corporations, many of my new clients are often unaware of all the investment options and tax benefits of investing their hard-earned corporate retained earnings. The small business corporate tax rate is only 13.5% on the first $500,000 of profits. That is
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
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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