u said we pay only 15.5 tax in corporation. what about the personal tax u pay on salary or dividends. yes i know about dicidend tax credit but the way u compared bus tax with personal tax in video is not fair.
also u said one way to reduce taxes is to do advertisment. so i start spending 100 to save 15.5? we do advertisement irrespective any ways. that is not a way to save on taxes. same thing applies to donations and gifts to clients. u can rename this video to something else like tax deductible expenses. but do create a video to show tax saving legal tips like quick hst method etc.
Hi Allan great video really good info just a question i have a very small company with two workers can i pay myself up to $40000 dividend without paying any tax? and i can do that every year? thanks
Hey Allan. Great videos all of them. keep up the good work :). I have a small business my corporate tax year end was July 31st. I have to pay a large sum of Tax to my Fed friends. What can I do..Help please :(
Thank you for your positive feedback. The fee to file a corporate tax return + initial tax planning starts from $1,375. Bookkeeping charges and T4/T5 slip preparation fees are extra. Please send an email to me to discuss further: amadan@madanca.com
Dear Ben, Thanks for your feedback. There are several options that you can consider such as the Voluntary Disclosure Program or Taxpayer Relief program if you qualify. Also, you can consider setting up a payment plan with the CRA. Please don't hesitate to contact me. I offer free 20 minute consultation for all clients. - Allan Madan (905) 268-0150
Hi there, I currently serve clients from all over Canada and the world. I can definitely provide you with consultation over the phone. You can reach me at (905) 268-0150 I look forward to hearing from you. - Allan
Hi Yama,
You are correct as long as there is enough retained earnings within the company to pay out the dividends each year.
Thanks,
Allan
Thanks for your feedback!
u said we pay only 15.5 tax in corporation. what about the personal tax u pay on salary or dividends. yes i know about dicidend tax credit but the way u compared bus tax with personal tax in video is not fair.
Your tips are great!
Thanks Allan. I will call you on Tuesday, and set up an appointment for your services if that's Ok. Of course after the free consultation..lol
Thank you Allan! You're awesome.
What if you want to structure incorporation that to be sold for 5 to 10 million that to reduce tax on individual shar holders.
Thank you Aneik.
Allan
also u said one way to reduce taxes is to do advertisment. so i start spending 100 to save 15.5? we do advertisement irrespective any ways. that is not a way to save on taxes. same thing applies to donations and gifts to clients. u can rename this video to something else like tax deductible expenses. but do create a video to show tax saving legal tips like quick hst method etc.
Hasan Mir the point is you can grow your business by advertising or taking out clients while saving a ton.
Great video, keep them coming. Nice to see you using a lapel mic, now just keep your hands down LOL
Good stuff 👍
you are awesome
Hi Allan
great video really good info just a question i have a very small company with two workers
can i pay myself up to $40000 dividend without paying any tax? and i can do that every year?
thanks
Hey Allan. Great videos all of them. keep up the good work :).
I have a small business my corporate tax year end was July 31st. I have to pay a large sum of Tax to my Fed friends. What can I do..Help please :(
Thank you Allan for your awesome videos ! Do you do medicine profession corporation tax return? No employees in my corporation. How much?
Thank you for your positive feedback. The fee to file a corporate tax return + initial tax planning starts from $1,375. Bookkeeping charges and T4/T5 slip preparation fees are extra.
Please send an email to me to discuss further: amadan@madanca.com
Dear Ben,
Thanks for your feedback. There are several options that you can consider such as the Voluntary Disclosure Program or Taxpayer Relief program if you qualify. Also, you can consider setting up a payment plan with the CRA.
Please don't hesitate to contact me. I offer free 20 minute consultation for all clients.
- Allan Madan
(905) 268-0150
Tax Tips for Incorporations .
Hi there,
I currently serve clients from all over Canada and the world. I can definitely provide you with consultation over the phone. You can reach me at (905) 268-0150
I look forward to hearing from you.
- Allan
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