Salary vs Dividends Many businesses that we work with always ask us what the best way is for them to pay themselves from their corporation. There are key differences between salary vs dividends. It isn’t always an easy decision depending on your personal and business circumstances...
Working from home has had its pros and cons. Travel (public transit, gas) and meal expenses have decreased but work from home expenses have increased. Expenses such as electricity, water and heat would have definitely increased in most households. The Canadian Government have made some recent...
An end of a year tax checklist is the right place to start come tax season. And tax season is around the corner. Although some people have more tax slips than others, there’s basic information that everyone must include on a tax return; whether you are...
Deciding between Sole Proprietor vs Incorporation? Deciding on whether you should incorporate your business or operate as a Sole Proprietorship is a decision that you should put some thought into. Taking into account some of the Pros and Cons of Sole Proprietor vs Incorporation in the...
What's new with Canada Emergency Business Account (CEBA)? Prime Minister Justin Trudeau announced the Canada Emergency Business Account (CEBA) is now available to businesses that have been using personal banking account. CEBA provides 0% loans up to $40,000 to small business and non-profit organizations that have experienced...
Owning a business, big or small, and having to think about tax time can be very daunting for most business owners. It’s important to know what you can expense/deduct or what Input Tax Credits you are eligible for. Keeping a good record of expenses is...
RMP’s helpful guide to the Federal Government’s most recent announcements We at RMP recognize that we are in uncharted territory at the moment and we want to do our very best to help our clients in their time of need. Our responsibility to you is to...
RMP’s helpful guide to the Federal Government’s most recent announcements We at RMP recognize that we are in uncharted territory at the moment and we want to do our very best to help our clients in their time of need. Our responsibility to you is to...