WHO ARE WE
Virtual Heights Accounting are your online accountants. We are a technology focused virtual CPA firm with extensive small and medium sized business experience. We use technology to reduce the administrative burden facing businesses. We provide bookkeeping, controllership, CFO, year end and tax services with a focus on process improvement and automation. Online and right to your door.
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Dividends or Wages: Which is Better?
Did you know the tax treatment of dividends and shareholder wages differs? In Canada, dividends are considered investment income, whereas wages are employment income and subject to payroll taxes. There are advantages and disadvantages to [...]
What are Eligible and Non-Eligible Dividends?
When it comes to dividends, there are two main types: eligible and non-eligible. Eligible dividends are those that meet specific criteria in the Canadian Income Tax Act (ITA). To the contrary, non-eligible dividends do not [...]