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Tax
Planning For Corporations
Proper
planning and execution of tax planning techniques is required. A Chartered Accountant should be
consulted before attempting any tax planning ideas. Contact Keith
Anderson CA at (780) 447-5830 if you need advice.
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Deciding
Whether or Not to Incorporate (Reduce, eliminate, or defer tax)
Assisting
A Childs Education - Tax Savings (income splitting using your company)
Your
Remuneration - Tax Savings (saving money on choosing how you want to be
paid)
Defer
Taxes With A Salary Bonus
Extract
Tax Free Cash From Your Corporation
5
Common Uses Of A Holding Company
Automobile
Allowances (some tax-free money is available) Automobile
Reimbursements (more tax-free money) Reduce
Automobile Benefits (Employer provided vehicles are costly) SR&ED
Tax Incentives (Cash refunds and Tax reductions from the government)
Tax
Free Sale Of Your Business (using capital gains exemption)
Deferred
Profit Sharing Plans (DPSP's) (Share profits with employees)
Start
An Employee Profit-Sharing Plan (EPSPs) (Easy and inexpensive way to income
splitting)
Start
An Individual Pension Plan (IPP's) (IPP's Can Supplement RRSP's )
Corporate
Owned Life Insurance
Corporate
Loss Utilization Pay
A Retirement Allowance To The Shareholders (tax deferred receipt of money) Death
Benefits - Tax Free Money To The Shareholders
Superficial
Losses And Stop Losses - Obtaining Tax Benefits
Corporate
Attribution (avoiding income splitting problems)
Replacement
Property In A Business - Defer Tax On Gains Foreign
Exchange Taxation Rules (don't overpay your taxes)
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