Tax Planning Strategies Archives - Page 6 of 8 - CPA Accountant and Tax Advisor- Coquitlam, Burnaby, Maple Ridge

tax planning

Canadian Tax Obligations for Non-Residents

According to the Canada Revenue Agency you are a non-resident for tax purposes if you:
– normally, customarily, or routinely live in another country and are not considered a resident of Canada; or
– do not have significant residential ties in Canada; and

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US taxes for Canadians

US Tax Consequences For Canadians – Snowbirds

There could be some tax consequences for Canadians who travel US frequently. Read the attached article published by CGA association to explain how IRS calculates the days present in US and what are the consequences of deemed US residence? Read here […]

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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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taxable benfit

Deduction and Tax credits available to private corporations (CCPC)

June 30, 2014

Small Business Deduction

Owning a small business entitles you a Small Business Deduction on your active business income (ABI), reducing the amount of tax that your business might otherwise have to pay.

According to CRA, to qualify for the Small Business Deduction, a corporation has to […]

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