Reality Hits on the First Day of Business Possession The first few months after the successful acquisition of an existing business can be daunting. The opportunity and the excitement of steering the new “purchase” into your vision can be overshadowed quickly by the reality of running a business. Marketing, human resources, and of course, financial decisions will have to be
As all Canadians settle back into work after the holiday season, we’re all looking forward to fulfilling the new intentions and resolutions we have set forth for the 2014 year. However, it is important to note that although 2013 calendar year has closed, along with it the financial results of your business, many tax planning opportunities for 2013 remain open.
For business owners in British Columbia, the trend of remunerating shareholders with dividends instead of salaries and/or management bonuses has been going on for years. The low corporate tax rate of 13.5% on the first $500,000 of corporate profits in conjunction with total CPP premiums of $4,712 on the first $51,100 of salary paid to each shareholder/manager created a strong
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
© 2020 Mew & Company
