Financial Planning Archives - Page 5 of 5 - CPA Accountant and Tax Advisor- Coquitlam, Burnaby, Maple Ridge

Salary or Dividend – Which One Is Better?

When tax planning for your next tax return, you may want to keep in mind whether to earn income through salary or dividends.

The owner or manager must determine the remuneration they wish to receive, and must therefore determine the optimal salary and dividend combination to maximize their […]

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Rental Income as ABI

Can rental income be claimed as Active Business Income (ABI)?

In most cases, income from the property will be considered as passive income and would not qualify for a small business deduction. For example, rental income is considered a passive income (income from property […]

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