by James Gustafson | Oct 27, 2010 | Incorporation, Taxation, Uncategorized
With current low corporate tax rates some professionals are opting to forego taking money out of their company to place into an RRSP and are instead leaving the money in the company to invest, saving within the company and then using dividends from the company as a...
by James Gustafson | Aug 23, 2010 | Incorporation, Taxation, Uncategorized
Greater Cash Flows to Buy Assets or pay debt Currently, a Canadian owned small private company in BC pays significantly lower taxes then an individual operating a non-incorporated business. This fact is useful if you intend to buy business assets or need cash to pay...
by James Gustafson | Aug 22, 2010 | Accounting, Incorporation, Taxation, Uncategorized
Buying a business can be an exciting time. You’ve found something you believe will be a good investment and generate positive cash flow for years to come. Before signing on that dotted line, however, have you considered these factors: Why is the vendor...
by James Gustafson | Aug 16, 2010 | Taxation
As a Canadian taxpayer we are all aware we should be taxed on our “income”. But do we know exactly what income is? A closer review of the Income Tax Act will tell you that this term is not clearly defined. However, the legislation clearly tells us how to...
by James Gustafson | Aug 9, 2010 | Taxation, Uncategorized
This blog will consider some common estate planning scenarios as food for thought. Every person’s wishes and situation are different, and there are many estate planning alternatives to be considered to achieve an individuals goals. Here are a few to consider:...
