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Tax Benefits of Shareholder Loans

Key takeaways: A shareholder loan is any fund that is borrowed from or contributed to a corporation by its shareholder Shareholder loans do not have to be repaid until the end of the subsequent (next) fiscal year When strategically planned, shareholder loans can provide strong

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Benefits of Incorporation for Realtors in Ontario

Key Takeaways: As of October 2020, real estate salespersons or brokers in Ontario can now incorporate their business income through a A Personal Real Estate Corporation (PREC) A PREC has many advantages including tax deferrals and income splitting There are many factors to consider when

What is a Holding Company and When Should You Set One Up?

Key takeaways: A holding company is a type of business entity (“parent company”) that owns a controlling interest in other companies, which are called subsidiaries. The parent corporation can control the subsidiary’s policies and oversee management decisions but doesn’t run day-to-day operations. The advantages of