This article will discuss five levels of tax planning for Canadian small business owners. We’ll discuss them in order of risk and complexity.
What is the difference between actual and taxable dividends? In this article we provide some insight on common questions that small business owners often have about T5s, without getting overly technical.
This article lists the federal and provincial corporate tax rates in Canada in 2022 for Canadian Controlled Private Corporations. It also explains how corporate taxes work for CCPCs.
This article will explain the factors to consider when choosing your year-end date, and will help you choose which is the right year-end date for your business.
When deciding whether to invest within your corporation or to do so personally, there are a few factors to consider.
What you should know about buying or leasing a vehicle in your Canadian corporation.
There’s been a lot of chatter about the proposed tax changes for Canadian corporations but like most things tax-related, it isn’t exactly quick and easy to get the skinny on the impacts your business may face. Not to worry, Avalon is here to explain the three most important things you need to know about these changes:
The Scientific Research and Experimental Development program, SRED for short, is a tax incentive program designed to encourage Canadian businesses of all sizes and in all sectors to conduct research and development in Canada. This article will help you to understand:If your business is eligible to claim SRED tax creditsWhat types of expenditures qualify for the programHow to claim SRED creditsHow much you can expect to receive from the SRED program, Costs of claiming SRED credits and other factors to consider.
If you’ve operated a business or know someone who has, chances are you’ve had the conversation about what you can “write off”. It may have gone something like this:
After reading this article you’ll understand what a shareholder loan is and how to use it. You’ll also be aware of potential tax issues that can arise with CRA and how to avoid them.