Corporate – Taxonic Corporation https://taxonic.ca Accounting & Tax Tue, 16 May 2023 17:10:50 +0000 en-CA hourly 1 https://wordpress.org/?v=6.9.4 https://taxonic.ca/wp-content/uploads/2020/06/Site-Icon-100x100.png Corporate – Taxonic Corporation https://taxonic.ca 32 32 2 popular ways to pay yourself: Salary or dividend? https://taxonic.ca/salary-or-dividend/?utm_source=rss&utm_medium=rss&utm_campaign=salary-or-dividend Tue, 28 Feb 2023 00:21:27 +0000 https://taxonic.ca/?p=7389 As a Canadian corporation owner, one of the most important decisions you’ll make is how to pay yourself. Two common methods for doing so are salary and dividends. Each method has its own advantages and disadvantages, and understanding these can help you make an informed decision that best meets your needs. Salary A salary is […]

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]]> How to authorize a CRA representative online? https://taxonic.ca/crarep/?utm_source=rss&utm_medium=rss&utm_campaign=crarep Thu, 27 Oct 2022 20:54:07 +0000 https://taxonic.ca/?p=6171 CRA has update the way to give authorization to a representative. Here are the four options. Online: Client needs to log in My Business Account and add a new authorization there。 Online: A representative will submit the authorization request electronically, and client needs to log in My Business Account and approve the request. Online: A […]

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]]> New Covid-19 Benefits for Businesses https://taxonic.ca/new-covid-19-benefits-for-businesses/?utm_source=rss&utm_medium=rss&utm_campaign=new-covid-19-benefits-for-businesses Mon, 29 Nov 2021 22:10:58 +0000 https://taxonic.ca/?p=3106 The Canada Emergency Wage Subsidy, Canada Emergency Rent Subsidy, and Lockdown Support have come to an end. The Department of Finance Canada has proposed two new subsidies and an extension to a existing benefit in October to help businesses seriously affected by Covid-19. Tourism and Hospitality Recovery Program Who can apply? The program is targeting […]

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]]> Canada Recovery Hiring Program (CRHP) https://taxonic.ca/crhp-canada-recovery-hiring-program/?utm_source=rss&utm_medium=rss&utm_campaign=crhp-canada-recovery-hiring-program Fri, 01 Oct 2021 20:46:26 +0000 https://taxonic.ca/?p=2076 As the rate of Canada Emergency Wage Subsidy(CEWS) is gradually reducing, Canada Recovery Hiring Program(CRHP) is introduced by the federal government on June 6th, 2021. This program aims to support Canadian employers that are impacted by the Covid-19 pandemic, and most importantly to help Canadian economy to recover. To make the application process easier to […]

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]]> Ontario Workers Income Protection Benefit (OWIPB) https://taxonic.ca/owipb-ontario-workers-income-protection-benefit/?utm_source=rss&utm_medium=rss&utm_campaign=owipb-ontario-workers-income-protection-benefit Fri, 01 Oct 2021 16:42:34 +0000 https://taxonic.ca/?p=1966 The federal government of Canada has announced some subsidy programs to help business get through the Pandemic. On April 29th, 2021, the government of Ontario has announced the Ontario Workers Income Protection Benefit to help the implementation of vaccination. To make the application process easier to understand, here are the simplified eligibilities and details of […]

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