A growing business ultimately reaches a point where its legal and tax structure deserves another look. When profits become more consistent, the question is no longer just how much the business is earning. It also becomes important to consider how much of your profit...
How should a small business owner take money out of a corporation? Salary and dividends are two main options, but they are not taxed in the same manner. They also affect CPP or QPP contributions, RRSP contribution room, and the amount of tax paid personally and by the...
Every expanding business eventually reaches a stage where filing taxes becomes a true strategic variable rather than a yearly formality. Decisions made in one quarter begin to impact your debt two or three quarters later, revenue is increasing, and the organizational...
Startups move quickly, sometimes launching new products, hiring new staff, and raising money in a single quarter. Financial structure is the component most frequently overlooked in that chaos, seen as something to “figure out later.” The problem is that...
Small business owners may wear a dozen hats at once, including sales, operations, hiring, and customer service. Somewhere in the mix, the books get a little left over time. The problem is that leftover time rarely produces the clean, strategic books a growing business...
