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Should You Register Your Business For GST/HST?

Should You Register Your Business For GST/HST?

It depends on the following three main factors: 1. Nature of supplies 2. Status of supplier 3. Nature and level of purchase you made Nature of Supplies If your business is just making GST/HST exempt supplies of goods/services, then you don’t need to...

Paying Salary or Dividends – Which one is Tax Effective?

Paying Salary or Dividends – Which one is Tax Effective?

Paying yourself a salary out of your business entitles you to many benefits. They are as follows: 1. Contributions to the Canadian Pension Plan through employment income plays an integral part in your retirement consideration and it depends upon how much...

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