When someone passes away, their family is often faced with more than emotional decisions. There are also important tax and legal responsibilities that must be addressed. Many Canadians assume there is an estate tax in Canada similar to other countries, but that’s not actually the case. While Canada does not impose a formal estate tax, […]

Entrepreneur retirement involves more than simply stopping work, it requires a plan for transitioning ownership and turning the value of your business into retirement income. Whether you plan to transfer your business to family, sell to a third party, or wind down operations, choosing the right exit strategy can have a significant impact on your […]

Many incorporated business owners in Canada eventually ask the same question: should I pay myself salary or dividends? The answer depends on several factors, including taxes, retirement planning, cash flow, and long-term financial goals. Both salary and dividends can be effective ways to pay yourself from a corporation, but each option has different tax and […]

CRA scams are becoming increasingly common in Canada. Many taxpayers receive phone calls, text messages, or emails claiming to be from the Canada Revenue Agency and are unsure whether the communication is legitimate. Scammers often create a sense of urgency to pressure people into sharing personal information or making payments. Understanding how the CRA normally […]