Tax Rebates All Entrepreneurs Should Know About

Tax Rebates All Entrepreneurs Should Know About

Starting a business takes a lot of time, energy, and of course – money. And every penny you can get back in rebates can make a difference to your bottom line. To save the most this year, here are 5 tax rebates all entrepreneurs should know about. Home Expenses If you conduct more than 50% […]

Why Succession Planning is Key for Your Business

Why Succession Planning is Key for Your Business

Do you have a succession plan set up for your business? Not many companies do. However, it’s a crucial part of the business strategy for every company. It ensures that whether you want to retire, close down, sell or transfer your business, a proper plan is in place to ensure that your business can carry […]

5 Investment Strategies Which Can Lower Your Taxes

5 Investment Strategies Which Can Lower Your Taxes

Are you tired of paying through the roof in taxes? Let us show you some simple investment strategies which can lower your taxes and put more of your money back in your pocket. Defer Your Taxes One way to lower your taxes is to defer them into future years. The reason to do this is […]

6 Common Myths About the Canadian Tax System

6 Common Myths About the Canadian Tax System

No one is exempt from paying taxes in Canada! Surprisingly though, many Canadian citizens aren’t’ fully aware of how the tax system work – they have a general knowledge and know how much they are taxed – but they don’t really understand the details. Many people actually believe common myths that have been kept alive […]

How Does Estate Planning Reduce Probate and Taxes?

How Does Estate Planning Reduce Probate and Taxes?

Do you know what happens to your estate after you pass away? After death, your executor is responsible for securing all your assets, paying your debts, and applying for probate. Although there isn’t an estate tax in Canada, there are other fees that exist to process and probate your will. And like all other debts, […]

Understanding the Tax Implications of Family Gifts and Loans

Understanding the Tax Implications of Family Gifts and Loans

It’s not uncommon for parents to financially support their children well into their twenties and sometimes even in their thirties and forties. With the Canadian housing market being increasingly difficult to enter for first time buyers, parents are becoming more involved with helping their children afford a down payment and more. Some even assist their […]

Salary vs. Dividends – Which is Right for You?

Salary vs. Dividends – Which is Right for You?

Many business owners are unsure of whether to opt for salary-based earnings or payments in dividends. There are various advantages and disadvantages between the two, and it is important to research whether or not one of these options is suitable for your business. By comparing salaries and dividends, we can clarify the differences between the […]

*The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd.