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Posts filed under: Tax Planning

Should I Take Salary or Dividends?

If you are self-employed or a professional or you own a business, you are probably already doing tax planning each year to minimize the tax you pay. Let’s see what is the best thing to do in British Columbia, Canada. Even though no changes were included in the February 11,… more »

Income Splitting Strategies with Family Trusts

There are many types of income splitting strategies which are used in Canada. All of them are based on the fact that in Canada each person is taxed separately. As a result, you create anomalies where the total tax paid by a family is higher or lower depending on how… more »