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Whether you own a startup or a third-generation company youve probably invested plenty of hard work, not to mention financial risk. Naturally, business owners are keen to utilize any tax-saving strategies available to maximize take-home profits.聽 Here are five things you can do throughout the year to keep more of your hard-earned dollars.Maximize deductions. Minimize your tax bill by maximizing deductions. These could include home office expenses 鈥?a portion of mortgage interest
stanley cup payments, insurance, utilities and repairs 鈥?car, meals/entertainment, and depreciation on capital assets. Keep a firm handle on all of your receipts and expenses for business-related goods and services. Organize email receipts into a specific folder or use smartphone apps to store and import paper receipts into accounting soft
stanley travel mug ware.Make your spouse and adult children shareholders.聽 For incorporated businesses, another form of income splitting is making family members shareholders and providing them with dividends. This will spread the business profits among those with a lower taxable income, reducing the overall tax paid.聽 As shareholders, capital gains may also be split amongst family members should the business be sold.聽 Be aware, however, that the CRA has recently adopted new and complex ru
stanley canada les around this type of income splitting.聽 A tax professional can determine whether these new rules apply to your situation. ARTICLE CONTINUES BELOW Time the d Advy Programs for teens and families: What the Halton Hills Public Library offers in January
If you shopped at the Home Depot at Hwy 7 and Yonge Street in Richmond Hill between May 30 and June 9, you may have been exposed to COVID-19, York Region Public Health says.The health department is investigating 14 Home Depot employees who tested positive for COVID-19 at the store located at 50 Red Maple Dr.While the risk to the general public is deemed low, anyone who visited this location and interacted with employees closer than two metres for more than 10 minutes is advised to seek testing at one of the regions three assessment centres and self-monitor for 14 days
stanley cup after you visited the store, watching for symptoms of COVID-19. ARTICLE CONTINUES BELOW Symptoms can include fever, new or worsening cough, shortness of breath, sore throat or difficulty swallowing, new smell or taste disorders, nausea, vomiting diarrhea, abdominal pain, runny nose or nasal congestion.Less common symptoms, especially in children, the disabled or elderly, include unexplained tiredness or muscle aches, confusion, loss of balance, increased falls, trouble focusing, chills, headaches, croup or pink eye. ARTICLE CONTINUES BELOW If you get tested, provide this number to the assessment centre: 2270-2020-390.Public Health is also conducting a followup inspection of the store to review and reinf
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