That “Passive Income” Could Be Killing Your Small Business Deduction
You’ve worked your tail off to build a profitable business. Smartly, you’ve started building an investment portfolio inside your corporation. You’re patting yourself on the back for creating passive income. It sounds like the perfect plan, right? But...
Working from home? Your corporation can pay you back.
So, you’ve jumped into the remote work world. You’ve got your own corporation, you call the shots, and your daily commute is basically a trip from the coffee pot to your desk. It’s the dream, right? But when tax season hits, a lot of incorporated...
Salary vs. Dividends: The Big Payout Question for Canadians
You did it. You incorporated your business. That’s a massive milestone, so take a second to celebrate! Now for the fun part—actually paying yourself. But as you dig in, you smack right into the classic Canadian entrepreneur’s dilemma. It’s a big one....