How can I save money on taxes as a small business owner?

By |2023-02-13T15:26:50+00:00April 6th, 2023|Taxes|

As a small business owner in Canada, tax planning is an essential part of your financial strategy. By taking the time to plan ahead, and understand the available tax savings, you can help ensure that you are maximizing your profits and keeping more of your hard-earned money. Here are a few important tips to keep in mind when planning in order to save money on taxes. The Small Business Deduction As a small business owner of an incorporated Canadian Privately Held Corporation, you may be eligible for the small business deduction. This allows you to pay a lower corporate tax rate [...]