corporate tax Canada

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Salary vs. Dividends: How Incorporated Business Owners Should Pay Themselves

If you own a Canadian corporation, one decision comes back around every single year: how do you actually get money out of the company and into your own hands? Salary? Dividends? Some mix of both? It’s the question I’m asked more than any other by incorporated clients, and it’s also the one most often answered […]
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Late Filing Penalties Eliminated: Step-by-Step Breakdown

For many taxpayers—individuals and corporations alike—late filing penalties represent one of the most avoidable yet frequently incurred costs in the Canadian tax system. Whether due to cash flow constraints, administrative oversight, or misunderstanding of filing obligations, these penalties can compound quickly and materially impact financial outcomes. In recent years, the Canada Revenue Agency (CRA) has […]
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