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Corporate Taxation: The Magical Dividend Refund

By Justin Bender · August 8, 2017 - 0 comments

I’ll be the first to admit, there are times when the way our tax codes play out seems more like magic than accounting – especially when integrating your personal and corporate taxes. “Look, nothing up my sleeves,” says your tax professional. Can you believe it? That’s what this series is for: Putting some of the acts into slow-mo, so you can see the sleight of hand for yourself.

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Corporate Taxation: Interesting Angles on Canadian Interest Income

By Justin Bender · July 21, 2017 - 0 comments

Now that your business is going gangbusters, let’s take a look at your corporate investments. I’m talking about your active business income that has not been paid out in taxes or distributed to shareholders. Since that amount can be significant ($85,000 for every $100,000 of active business income in Ontario), it may not take long before you’ve accumulated significant chunks of change in your corporate account. Let’s put that lazy money to work!

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Corporate Taxation: Tax Integration of Active Business Income

By Justin Bender · June 19, 2017 - 4 comments

In my last blog post, I introduced the wild world of corporate taxes, illustrating how an Ontario business owner could end up paying only 15% in combined federal and provincial corporate taxes. If this amount seems low to you, fear not. The government has a way of making sure everyone pays their relative due by having corporate shareholders perform personal and corporate tax integration.

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Easier than ACB

By Justin Bender · May 8, 2017 - 0 comments

It’s been four years since we released our white paper, As Easy as ACB. The paper provided investors with step-by-step instructions on how to track the book value of their ETFs, using the free online resource, Adjusted Cost  We were the first to admit that the title of our paper was misleading – tracking your ACB is about as easy as reciting the alphabet backwards.

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