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Can a business deduct home office expenses? What expenses are deductible as per the CRA, how to calculate, and what is the maximum allowed?
September 25, 2021
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Can a business deduct home office expenses? What expenses are deductible as per the CRA, how to calculate, and what is the maximum allowed?
Two things are certain in life, death, and taxes. Therefore, no business can avoid taxes, but many legal approaches can increase your deductible expense and
Correct incorporation structure is the first step towards any business success story. Wrong documentation can cause legal and tax complications later and cost a lot. Before you incorporate, make sure you fully understand different options, legal requirements and their implications.
Traditionally realtors, real estate agents and brokers, were not allowed to create a corporation and enjoy tax planning benefits that were enjoyed by other professionals
Incorporate a new business? A key advantage is that it cuts the tax rate to 12.2% from 53.53%. But be aware of cost and tax implications too!
In this article, I will discuss efficient ways of withdrawing money as applicable to a small business corporation, commonly known as a Canadian Control Private Corporation (CCPC)
