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Tag Archive for Small Business Taxes

Small Business Tax Rule Changes & Risk Assessment Tools for Canadians in 2018

Grant Gilmour, Tax Advisor

The proposed small business tax rule changes are expected to be in place January 1, 2018 and will impact incorporated small businesses in Canada. These laws will hit those splitting income in families and saving assets inside corporations. To help our clients assess their exposure we have developed a Risk Assessment Tool (RAT). We hope you find the name amusing.

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Salary or Dividend – Compensation Strategy For Incorporated Business Owners

Are you an incorporated business owner wondering whether you should pay yourself salary or dividend?

It is not a simple straight forward question and there is no one-size-fit-all answer to it.  Due to the introduction of eligible and non-eligible dividends and the changes of the gross-up and dividend tax credits in the past few years, the simple rules of thumb that used to work in the past do not apply any more.  You should consider the following five factors based on your own specific circumstances to tailor-made your own salary-dividend strategy.

Annual Spending

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