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#YYCBusiness#AlbertaBusiness#ABSmallBusiness#SmallBusinessYYC
Changes coming to #NationalHousingStrategy’s 2 largest housing supply programs🏘️
Making it easier for housing providers to build affordable and rental homes for middle class families and individuals, vulnerable populations, students, and seniors🏘️
Info: https://t.co/sxSa2Gw7Vh
🏡 If you're raising a family, and are eligible for the Canada child benefit, you could receive up to $7K for each kid under 6 and $6K for those aged 6-17.
Learn more: https://t.co/fHb2NIj6KD #CdnTax
🚨 Scam alert! 🚨
There is an email phishing scam circulating that says you have received a tax return document. It contains a button or a link to review the document. It's a #scam!
Find out more ➡️ https://t.co/xNLKvl3CZP #CdnTax
Many new businesses fall into the trap of Personal Service Business (PSB) rules, which can lead to them paying significantly higher taxes. In a PSB, taxable income is taxed at a rate typically applicable to or higher than employees. As a result, PSB owners are often incentivized to distribute all their taxable income as a salary.
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Have you recently incorporated as a personal services business?
Your tax obligations are different than a regular corporation. To find out more, check out our fact sheet. It’s available in 10 languages: https://t.co/oJH9bfgTwQ #CdnTax