Adjusted Aggregate Investment Income and Your Corporation’s Small Business Deduction
If a CCPC group earns more than $50,000 of adjusted aggregate investment income, the $500,000 small business limit starts to shrink and can disappear at $150,000.
Shareholder Benefit Rules in Canada: Personal Expenses Paid by Your Corporation
When a corporation pays personal expenses or lets a shareholder use company assets privately, the value is generally taxable under the shareholder-benefit rules.
Shareholder Loan Rules in Canada: What Corporate Owners Need to Know
If you take money out of your corporation and do not repay it in time, CRA can include the full shareholder loan in your personal income.
Personal Services Business (PSB) Rules in Canada
If CRA treats your corporation as a personal services business, you lose the small business deduction, face an extra 5% federal tax, and can deduct only a short list of expenses.
Should You Incorporate Your Business in British Columbia?
Learn when incorporation makes financial sense for BC businesses and when remaining a sole proprietor may be better.
Business Expense Checklist for Canadian Corporations
A complete checklist of deductible business expenses for Canadian corporations and owner-managers.
