Higher Personal Income Tax:
Though 100% tax-deductible, a salary income is taxed at a higher rate than a dividend income. If you want to see what impact it will have on your tax bill, Versatile Accounting firms Calgary can guide you in advance with some personal tax planning to save your taxes.
Read more about:
https://versatileaccounting.ca/salary-or-dividend-taking-money-out-of-your-business/
With a good Small business accountants Calgary or designated CPA, Calgary businesses can not only save money on payroll services and doing their taxes but also find the hidden costs that are robbing them of a better profit.We specialize in careful and effective tax planning and for GST services we will walk you through the process so that you understand which transactions are refund-eligible from the Canada Revenue Agency.
And, we prepare your returns and file them.
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