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Small Business Tax Tips – Tax Planning Strategies for Canadian Small Business

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Small Business Tax Tips – Tax Planning Strategies for Canadian Small Business (Video 2 of 3) SPRING 2016 PROMOTION - ONLY $39 USD ON UDEMY UNTIL April 30, 2016. Take the full Small Business Blueprint on Udemy for only $39. Just click on this coupon link: https://www.udemy.com/small-business-blueprint/?couponCode=youtube_39promo In this video training tutorial I cover some of the tax planning strategies available to small business owners in Canada. I go over the opportunities available to split income with spouses and family members. We also review a number of small business tax write-offs that can save any business owner money. Small business tax deductions are a great benefit available to Canadian entrepreneurs and small business owners. Additionally, we will look at wealth planning and retirement issues, something that is often overlooked by small business owners. Also explained are some tax planning opportunities in the realm of benefits such as Private Health Service Plans (PHSP), Group insurance and Health & Medical Trusts as they relate to Canadian small business. I also go over some of the strategies related to home office deductions, vehicle expenses and other lucrative small business tax write-offs. Being a self-employed small business owner in Canada definitely has its perks. This tutorial will make a lot of these benefits clear to you. For a full explanation on these benefits and how to set them up from scratch, enroll in the SBC Knowledge Systems Small Business Blueprint. This is the first of three free training videos leading to the launch of the Small Business Blueprint offered at SBC Knowledge Systems Inc. To watch the remaining tutorial in this training series, click on the following links: Video 1 – Critical decisions Canadian Small Business Owners Need To Make https://www.youtube.com/watch?v=WkkK4An2Dvg Video 3 – Secrets to Entrepreneurial & Small Business Success https://www.youtube.com/watch?v=A3rxLyM6puE Small Business Blueprint – Course Enrollment http://smallbusinessblueprint.kajabi.com/sp/29330-sbb-sales-page In the Small Business Blueprint we cover a number of vital topic areas related to starting a small business in Canada such as: - forms of business organization in Canada – Proprietorship, Partnership & Corporation - Advantages & disadvantages of each type - Partnership agreements and shareholder agreements - Starting a small business in Canada – Step by step checklist - Compensation strategies – how to pay yourself with salary or dividends - Tax savings strategies – Small business tax tips to help you save money - Small business tax write-offs and deductions – What you can and cannot deduct - Small business accounting – what you need to keep - Small business bookkeeping – how to setup up your bookkeeping system fast and easy Check out some additional Canadian small business resources here on YouTube - Some great small business tax loopholes from Allan Madan, CPA, CA https://www.youtube.com/watch?v=TQ3lzpKq0Is - Set up a New Business In Four Steps from the Canada Business Network - https://www.youtube.com/watch?v=Bv1MSHM-kzM - 5 Tips to Reduce Your Canadian Small Business Tax Bill (Webinar) - https://www.youtube.com/watch?v=cYYeIsNeHCM - Starting a Small Business in Canada by the Business Development Centre https://www.youtube.com/watch?v=z7Qq6p3PPs0 Check out our website at http://www.sbcknowledge.com for additional courses and other resources.
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Text Comments (19)
Adam M (16 days ago)
thx ian
bexsun (1 month ago)
Thanks for the video! Is the Small Business Blueprint course available somewhere else? All the links here and in other videos don't work.
Mohamad Rostom (1 month ago)
Great video
Ruth Noel (3 months ago)
Great vid
Bhanot ca (3 months ago)
Nice. If anybody wants accounting & tax services in canada. Visit here- https://goo.gl/ygtmpq
Charles Winksy (4 months ago)
It's Good Also To Have A Business Insurance . This Company Offers Different Coverage , That Can Help Us And To Protect Us In Our Needs . Here Is The Link , For Further Details - https://www.mcdougallinsurance.com/commercial-business-insurance #CommercialGeneralLiabilityInsuranceOntario #SuretyBondsOntario #BusinessInsuranceOntario
Biswajit Jena (6 months ago)
Ruth Esther (6 months ago)
You are amazing, great work!
sean man (11 months ago)
Great video!!! www.topmoneycoach.com
PlumbPro (11 months ago)
Vote liberal and income splitting and dividend sprinkles will be taken away! Time to get a government job!
Joselyne (1 year ago)
Thank you Ian! Very informative!
What are the benefits of buying a commercial-plus-residence property with a corp or yourself?
Lei Yi (1 year ago)
great knowledge, thanks Ian
carlster eway (1 year ago)
How can I get in contact with you? Do you live in Toronto?
Aaron Corbin (2 years ago)
Thanks for the video!
Vikas Rajput (2 years ago)
Great video ! Keep going. Thanks
NickBarroDrums (2 years ago)
Hello! I'm wanting to find a tax advisor but I have no idea where to start. Would you have any advice?
DeeParisien (2 years ago)
great video ...Iam planning to moove to canada .I have a electrique company in Paris .I dont know if i can bring it there or i have to restart.hope get an appointement with you.Merci d'avance
dougat (2 years ago)
+DeeParisien You need to move to the Northern part of Canada for a compatible Moove because that's where the Moose are!
Ian DiNovo (2 years ago)
+deep bat Hi there. You would have to incorporate a new company in Canada or run a business in your personal name (non-incorporated). That is assuming you will have Canadian customers. If your Paris company will continue to do business in Paris, you can continue operating that.
Adam Sandler (2 years ago)
Such a nice video...Such a nice information about tax planning strategies... I really enjoy your video... Cardinal Point specializes in subject to double taxation on the income I earn? Will I still be subject to U.S. gift and estate tax rules as a Canadian resident... http://www.canadaustaxplanning.com/

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