Corporate Tax

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How to Pay Yourself from Your Corporation: Salary vs Dividends

If you own a corporation in Canada, one of the most important financial decisions you will make is how to pay yourself. Unlike employees, business owners have flexibility in how they extract income from their company—primarily through salary, dividends, or a combination of both. While this flexibility creates planning opportunities, it also introduces complexity. The […]
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Corporate Tax Audit: How to Prepare and Protect Your Business

When the CRA selects a corporation for audit, one of the earliest and most critical steps is the request for supporting documentation. The outcome of the audit often hinges not on subjective interpretations alone, but on the taxpayer’s ability to produce credible, organized records. Well-prepared support files reduce inference risk and auditor adjustments, streamline the […]
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Understanding the Taxation of SAFEs in Canada: Implications for Startups and Investors

Understanding the Taxation of SAFEs in Canada: Implications for Startups and Investors For Canadian homeowners looking to build long-term wealth and improve their tax position, the Smith Maneuver offers a unique, legal way to convert your mortgage into a tax-deductible investment loan. While it’s not without complexity or risk, when implemented correctly under the guidance […]
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