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Tax Planning is More Than Minimizing Taxes for the Current Year

As the tax advisor for successful businesses in Vancouver, I have my share of owners who spend money as fast as they make it. For these spendthrifts, tax planning essentially boils down to cash management. And I have another group of successful business owners who are obsessed with paying little tax as possible come April 30. As I explain to the

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Personal Tax Planning for Canadians as We Approach the 2021 Calendar Year End

The Covid Pandemic brought about an unprecedented coordinated financial support from all central banks to assist individuals and businesses to cope with the financial losses brought about the closure of the world economy. As a consequence, most asset classes, particularly speculative assets, saw huge value appreciation due to the coordinated quantitative easing measures undertaken by these central banks.  Vancouver Tax

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Salary or Dividend? Shareholder Remuneration Revisited 2021

Recently, I decided to crunch some tax numbers for shareholders of a CCPC who are hoping to increase their take home pay in order to get into the BC real estate market.  Canadian taxpayers know that the tax rates in recent years have crept up.  What is commonly less known is that the tax rules and rates pertaining to dividends

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