Jan 21, 2025
Business Restructure
The tax rates in Canada vary based on the type of business structure. Choosing the most suitable structure for your business can help you avoid paying unnecessary taxes.
Wealth Reallocation
Wealth can be reallocated to your family members by:
Paying dividends
Distributing wages
Allocating to trust beneficiaries
Increase Investment
Investing in property or a new business can reduce your tax burden while creating future opportunities and benefits.
Keep Good Records for Business Expenses
Develop the habit of keeping records for all claimable expenses, such as:
Tax invoices
Cash receipts
Consult a Professional Tax Agent
A professional tax agent can help manage your tax matters effectively.