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Corporate Taxation: The End of Refundable Taxes?

By Justin Bender · September 5, 2017 - 10 comments

By now, you’ve likely been bombarded by articles – shelling out nearly as many opinions – on the government’s proposed tax changes for private corporations of all size. Remember that dividend refund “magic act” I covered? Guess what – that’s one of the tax breaks targeted for elimination. As you might imagine, this is causing quite a stir in the business community, with outcries ranging from “Government extortion!” to “It’s about freaking time!”

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Asset Location: Tax Savings Through More Organized Living

By Justin Bender · August 22, 2017 - 18 comments

Among the most common questions I receive from blog readers is: “How do I tax-efficiently manage an ETF portfolio across various account types?” This question relates to asset location – or which asset classes should end up in which accounts. This is not to be confused with asset allocation, which is how much of your portfolio to allocate to each asset class.

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Corporate Taxation: The Magical Dividend Refund

By Justin Bender · August 8, 2017 - 2 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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