Oct 22, 2019 | Edmonton Bookkeeper
The benefits of being a business owner’s is Edmonton bookkeeper is being able to choose their own salary, and to pay themselves what ever their business can bear. However, business owners need to be aware of how they must pay themselves salary personal dividends in...
Oct 22, 2019 | Edmonton Bookkeeper
The average Canadian pays 43% of their income in taxes says Edmonton bookkeeper, for example PP, EI, GST fuel tax just to name a few. Many business owners decided to become entrepreneurs in order to minimize the taxes that they were paying, as well as enabling them to...
Oct 22, 2019 | Edmonton Bookkeeper
When business owners are unaware of how their shareholder loan account works, the may not be taking money out of their business properly, which could result in CRA assessing them with significant tax payments says Edmonton bookkeeper. As Jim Collins, the author of six...
Oct 22, 2019 | Edmonton Bookkeeper
One of the reasons why entrepreneurs open their own businesses Edmonton bookkeeper, is so that they can be in control of how much money they can pay themselves. By working extremely hard in their business, and earning high profit, allows business owners to be able to...
Oct 22, 2019 | Edmonton Bookkeeper
Many entrepreneurs are not aware of how they can take their salary or personal dividends in their corporation says Edmonton bookkeeper. As a result, they take the money without accounting for it, or without paying personal taxes on it, which can end up costing them...
