How Corporate Taxes Work in Canada 🍁 | Learn the Benefits of Incorporating📈

[@Isaac2001Ike]

super helpful! Would be nice to have a video on what constitutes a write off, the rules of writing off certain items like apartments with offices etc… Thanks ! 😊

[@jasssssssful]

Watching this video brought me back to my school days when I was trying to pay attention to what the teacher was saying but kept being distracted by the goofball sitting in the back of the class 😅

[@HeliRy]

All great info! For a newbie like me though it’s still dizzying. I’m a contractor working overseas for a foreign company, but still a legal Canadian resident. And for the life of me I don’t know if I’m better off incorporating into an LLC or something like that, or not. I get absolutely hosed on my income taxes, to the tune of about $74K per year. Here’s gotta be a better way 🤢

[@The_IFRS_Guy]

Your videos are already very interesting and fun to watch without adding any other clips 👍

[@AvalonAccounting]

Thanks Sarwar - glad you like the videos! The goofy clips are mostly for our own entertainment :)

[@kikibestkaunever]

i looove the other clips 😂

[@LearningbasicArt]

Enjoy to watch your video, amazing valuable tax information about incorporating. Thank you for the wonderful sharing.

[@Ajibolaa]

nice to see another video from you joe! cheers and thanks for sharing

[@pablon7765]

Hi Joe! Thanks so much for your videos, really helpful. A small question regarding sales tax, If I sell access to online pre-recorded video trainings in a platform such as Kajabi, do I need to charge taxes to my customers? I am finding conflicting information everywhere. I have a corp based in Canada and sell to all canada and other countries. Thanks so much!

[@11511mido]

Great video as usual! Thanks for sharing In my opinion if your corp makes less than 500K then paying dividends makes sense and when your corp makes over 500K then you will benefit from paying yourself a salary

[@kannan9994424451]

Hi, just a quick question. I am in to IT and I have got a contract from an US company recently. This contract is for 18 months max. If I earn 200k in one year thru sole proprietor, the taxes are going to be same as an individual taxes. If I earn 200k in one year thru corporation and paid that whole amount to myself as dividend, corporate taxes + income taxes on dividend = this value is going to be approx same as Sole proprietor? If this is the case then I don’t want to go thru all struggles of registering corp and stuff. I can simply go with sole proprietorship. Thanks for your help in answering this question.

[@kannan9994424451]

Hello buddy, just a quick question. I am in to IT and I have got a contract from an US company recently. If I earn 200k in one year thru sole proprietor, the taxes are going to be same as an individual taxes. If I earn 200k in one year thru corporation and paid that whole amount to myself as dividend, corporate taxes + income taxes on dividend = this value is going to be approx same as Sole proprietor? If this is the case then I don’t want to go thru all struggles of registering corp and stuff. I can simply go with sole proprietorship. Thanks for your help in answering this question man.

[@kaburam24]

hey my friend, I wonder.. is “temporary resident” counts to be a “Canadian resident” in terms of incorporating CCPC?

[@Caring.for.Couples]

loved this well done!

[@manishgoyaler]

Hi Joe , Great content. Thanks for putting those contain every month. I have a question about holding compony , i already have incorporation which is doing and i dont have holding compony , There is a lot of money accumulated in corporation .Now i want to create a holding compony and move inter compony dividend. is it possible to open a holding compony now and handle this?

[@alexderkach1861]

Great video, thank you.

[@YolandaYu-p1r]

Is ONEHT a payroll tax or a commercial tax?

[@sunitarani3676]

Hi ......Your videos are very informative for new accountants. I just wondering to join your accounting firm as junior accountant or bookkeeper. How can i join your team?

[@botanical2king2man]

for one or two rental properties does it make sense to incorporate with holding and op company or nah?

[@Taimur_SK]

Rental income inside corporation is considered passive income and does not qualify for small business deductions. So you will probably pay more taxes on rental income

[@judycameron3638]

which one is the part 1 video?

[@JoeCollinsBC]

kzbin.info/www/bejne/iX6VmHeVgJ59eKM :)

[@MaharajaTactic]

man it's a good video and I love The Office but it's so annoying. The topic is already very difficult to understand and having those distractions is way too much. One a side note those are not consistent at all with the way you speak and present. Thanks for the video.

[@AvalonAccounting]

Noted! Thanks for that feedback. We are getting better :)

[@NicholasBiancuzzo]

Hi Joe, I have a virtual, small business bookkeeping / consulting business in the US. I'm not sure if this would be conflict of interest for you, but I am looking to pay out for referrals that are sent my way for any United States viewers you might get. If you are interested in partnering up please let me know. Thank you!

[@KethTamilTubing]

Unnecessary clips. Very distracting. Your video itself is sufficient.

[@AvalonAccounting]

Thanks for that feedback - we are trying to find the right balance, but I think you are right. More to come, thanks for your support!

[@Badkitty17]

Canadian tax corp and personal are crazy ! I’m about to sell my company cause the Canadian government is taking to much ! The money I managed to save in my corp tax in one year , the government wants it all and that will be the second time I pay corp tax in one year ! I’m sick of it ! Trudeau and the liberals have destoyed all hope for me !

[@chasingmypinnacle]

In Canada, you get punished by the Government for being successful.

[@dakotaross232]

The goofy videos are cheapening your content. Breaks the focus of your audience. you're not a meme page. Good content otherwise

[@poco6997]

Ok enough with the jokes man it’s annoying

[@AvalonAccounting]

Roger that! We have dialled it down 😬