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federal budget

The federal disaster to small businesses and working class

on Wed, 03/23/2016 - 17:13

"Entrepreneurship and Small Business" series, #9 (#8 Last minute tax saving for corporations; #7 Business budget made easy; #6 The advantage of a business account; #5 How to pay yourself effectively; #4 How to manage your business; #3 Things to consider when you start your business; #2 What you should do before you quit your full time; #1 What needs to be prepared before you start your business) 

The Liberal government tabled their first federal budget on Tuesday by Liberal Finance Minister Bill Morneau. What I think - as a financial advisor for lots of small businesses and working class -

What does the federal budget 2013 mean to YOU?

on Sun, 03/24/2013 - 08:47

 

As a financial advisor, I make a point of keeping current with issues that pertain to the financial health of my clients and their families.
 
Last week, Finance Minister Jim Flaherty delivered his federal budget for 2013. Here is an overview of budget highlights that may affect your financial plan.

Small business owners  

Tax on dividends out of your small business corporations will increase about an overall 2%, that is not a very good news, but dividending out your money is still has lower tax rate than having a salary from your corporation.