When it comes to saving money, there are many ways to invest it, like choosing between riding a bike or taking the bus. Some people pick stocks or funds that will do better than others, like betting on which horse will win a race. But does this really work better than...
The Tax on Split Income (TOSI) is a set of tax rules designed to prevent income splitting between family members to reduce overall tax liability. The aim is to ensure that high-income individuals cannot allocate their income to family members subject to lower tax...
This study discusses the decision faced by corporation (CCPC) owners on whether to pay themselves through salary or dividends. The tax code aims for a similar tax rate regardless of your choice via something called “integration.” A common strategy suggests...
As a Saskatchewan business owner, one of the most important decisions you’ll need to make is whether to take dividends or salary as compensation. Each option has pros and cons; we’ll explore a few to help you make an informed decision. Pros of Taking...
As a Saskatchewan business owner, it’s important to have a plan in place for the future of your business. One aspect of this plan is succession planning, which involves identifying and preparing someone to take over your business when you retire or move on. Here...
