Oberoicpa – oberoicpa.ca

05 Dec

Paying Yourself a Salary or Dividend

December 16, 2024
By Oberoicpa
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The way you pay yourself from the corporation can have tax implications. Depending on your financial goals, you may want to pay yoursel...

05 Dec

Tax Strategies

Optimize Corporate Investments

December 16, 2024
By Oberoicpa
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A well-planned investment portfolio can ensure your professional corporation takes full advantage of tax deferral opportunities. Incorp...

05 Dec

Tax Strategies

Income Sprinkling and Family Trusts

December 16, 2024
By Oberoicpa
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Income splitting using dividends or salary payments to family members is one of the key tax strategies. However, the TOSI rules restric...

05 Dec

Tax Strategies

Minimize Passive Investment Income

December 16, 2024
By Oberoicpa
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While holding investments in a professional corporation offers tax advantages, it’s important to be mindful of the taxation of passive ...

05 Dec

Investing

Tax Deductions and Expenses

December 16, 2024
By Oberoicpa
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As a corporation, you may be able to deduct certain expenses related to your investment activities. For example, investment management ...

05 Dec

Investing

Capital Gains Exemption

December 16, 2024
By Oberoicpa
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If you ever decide to sell your professional corporation, you may qualify for the **Lifetime Capital Gains Exemption (LCGE)** on the sa...

05 Dec

Investing

Investment Income and Tax Planning

December 16, 2024
By Oberoicpa
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A key benefit of incorporating is the ability to hold investments within the professional corporation, such as stocks, bonds, real esta...

05 Dec

Investing

Income Splitting

December 16, 2024
By Oberoicpa
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A professional corporation can also provide opportunities for income splitting, which can lower the overall tax burden. Income splittin...

05 Dec

Professional Corporation

December 16, 2024
By Oberoicpa
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**Investing Through a Professional Corporation in Canada: Key Tax Strategies** In Canada, incorporating a professional corporation (...

05 Dec

Investing

Tax Deferral Opportunities

December 16, 2024
By Oberoicpa
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One of the most significant advantages of investing through a professional corporation is the ability to defer personal taxes. When you...