Oct 22, 2019 | Edmonton Bookkeeper
Entrepreneurs who are not sure how shareholder loan accounts work within their business can often end up either paying higher taxes, or being assessed by the CRA says Edmonton bookkeeper. It’s extremely important that business owners understand how to pay themselves...
Oct 22, 2019 | Edmonton Bookkeeper
The average Canadian pays a huge amount of income tax says Edmonton bookkeeper, 43% going to taxes such as CPP, EI, GST, fuel tax just to name a few. By comparison, only 37% of the remaining income Canadians pay goes towards food clothing and shelter. Many business...
Oct 22, 2019 | Edmonton Bookkeeper
Business owners who are not aware of how they can pay personal dividends to themselves and their corporations can risk significant penalties such as being assessed for having to pay back taxes says Edmonton bookkeeper. It’s very important that business owners know how...
Oct 22, 2019 | Edmonton Bookkeeper
Jim Collins, the author of six books is quoted as saying a culture of discipline is not a principle of business, it is a principle of greatness says Edmonton bookkeeper. Many business owners want to become entrepreneurs in order to create unlimited wealth potential...
Oct 22, 2019 | Edmonton Bookkeeper
Entrepreneurs have the ability to choose their own salary says Edmonton bookkeeper, as well, business owners can make significant savings on taxes by tax planning. As many benefits to becoming an entrepreneur, that will help business owners accumulate wealth. One of...
