Oct 22, 2019 | Edmonton Bookkeeper
One of the benefits of being a business owner, is that business owners are able to pay themselves any salary they want, as long as they were able to afford that payment says Edmonton bookkeeper. Unfortunately, if business owners are not sure of how to effectively pay...
Oct 22, 2019 | Edmonton Bookkeeper
The reasons why business owners want to own their own business, is in to avoid paying the 43% of income taxes that average Canadians pay says Edmonton bookkeeper. However business owners need to be very mindful when they are paying themselves, to know how to do it...
Oct 22, 2019 | Edmonton Bookkeeper
Business owners learning how to pay themselves salary or taking personal dividends in their business is extremely important to learn how to do effectively says Edmonton bookkeeper. If they do not do this properly, they can end up paying much higher taxes, and even...
Oct 22, 2019 | Edmonton Bookkeeper
When entrepreneurs are not sure how shareholder loans works, or don’t believe that it is important to keep track of says Edmonton bookkeeper, the end up triggering huge tax assessments because of what is in their shareholder loan. By helping business owners understand...
Oct 22, 2019 | Edmonton Bookkeeper
The risks that business owners face if they don’t understand how to take money out of their shareholder loans, is either by paying significantly higher taxes, or even getting assessed by CRA having to pay additional taxes unexpectedly says Edmonton bookkeeper. One of...
Oct 22, 2019 | Edmonton Bookkeeper
One of the most misunderstood things in how business owners pay themselves is by shareholder loans says Edmonton bookkeeper. Business owners who fail to properly understand shareholder loans, can unfortunately get hit with tax assessment by CRA for significant amounts...
