What to know
Planning areas owners often leave until filing time, when many of them no longer work.
- Compensation planning
- Timing of income and expenses
- Shareholder loan planning
- Capital asset planning
- HST input tax credits
- Home-office deductions and vehicle expense tracking
- Family-related planning where it is appropriate
- A review of the corporate structure
Put it into practice
Every one of these depends on the client’s facts. The list is a reason to have the conversation, not a set of steps to apply alone.
A note about this resource
This is general information for business owners in Ontario and the GTA. It is not tax, legal, or accounting advice for your file.