Taxes

The $50,000 Trap: How CRA’s Passive Income Rules Are Costing Canadian Business Owners 13¢ on Every Dollar — and What to Do About It

There’s a $50,000 line in the Income Tax Act that could cost you 13¢ on every dollar your business earns

Do you know the best way to pay yourself? Every Canadian business owner I meet asks the same question —

Every year around tax time, a conversation happens in thousands of Canadian kitchens. A business owner stares at their corporate

The envelope is beige. Official. The return address is in Ottawa, and the words “Canada Revenue Agency” sit in the

Here’s a question I hear from business owners more than almost any other: “Michael, should I pay myself a salary

A dollar invested for retirement and a dollar invested for future flexibility can look identical in your bank account. Where

The mistake I see all the time is simple: people spend years learning how to save and invest, then almost

The biggest tax mistake incorporated professionals make is not overpaying in one dramatic move. It is drifting through the year

Every year, investors spend hours picking funds, comparing returns, and watching markets – then give away more than necessary in

A lot of incorporated professionals work hard to increase income, then lose momentum when tax season exposes how little strategy