The financial world can be complex, especially when planning for your future. With so many different professionals offering their services, it can be challenging to understand who does what and which one is right for you. Two of these professionals are financial...
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...
Selling your business or farm can seem daunting—it could have been a lifelong goal to create and eventually sell your business, and the last thing you want is to make a mistake while liquifying your asset. If you’re coming up to a liquidity event, here are six...
