Are We Double Taxed If We Earn Income In A Corporation? скачать в хорошем качестве

Are We Double Taxed If We Earn Income In A Corporation?

Have you ever wondered whether earning income in a corporation means paying twice the amount of taxes compared to investors who earn income in their personal name? In this video, we use simple-to-understand examples to explore how tax integration plays a crucial role in your overall tax liability and the tax implications of earning income in a corporation vs. personal name. Stick around to the end of the video and discover a simple tax-saving strategy you can use to minimize your tax bill. Key Moments In This Episode ======================== 00:00 - Introduction 01:54 - What is Tax Integration? 03:00 - Example of Tax integration 04:38 - Earning active small business income in a corporation 05:19 - Tax implication for earning income in a corporation 08:33 - Corporation tax vs. personal tax vs. tax integration 09:28 - Why Accountants recommend setting up a corporation 10:47 - Tax saving by splitting income with future self If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible. Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies so you don’t miss a thing! ---------------------- Please make sure to speak to a professional that knows your personal situation before making a decision. If you need to talk to someone on my team, email us at [email protected]. ---------------------- SIGN UP FOR OUR NEWSLETTER Want to stay up-to-date with all the latest news about Real Estate Tax Tips, receive weekly tax tips and free real estate investment resources? Then subscribe to our newsletter here: https://realestatetaxtips.ca/youtube ---------------------- Want to PAY LESS TAX as a real estate investor? Check Out All of My Tax Saving Resources HERE: https://realestatetaxtips.ca/resource. ---------------------- FOLLOW ME ON SOCIAL MEDIA: Facebook:  / realestatetaxtips   Instagram:   / realestatetaxtips   ---------------------- ⭐Cherry’s Best Real Estate Tax Tips ⭐ ➡️7 Tips for Launching a New Business from a Licensed Accountant:    • 7 Tips for Launching a New Business from a...   ➡️Stay ahead of the game: US Regional Bank Collapses, Interest Rate Hikes & More Economic Update:    • Stay ahead of the game:  US Regional Bank ...   ➡️Why Day Trading in Tax-Free Savings Account (TFSA) Is NOT Allowed - Court Case Explained:    • Why Day Trading in Tax-Free Savings Accoun...   ➡️ How To Claim Automobile Expenses:   • How To Claim Automobile Expenses   ➡️ How Property Flips Are Taxed In Canada:    • How Property Flips Are Taxed In Canada   ➡️ Federal Budget 2023: What Everyone Needs To Know:    • Federal Budget 2023: What Everyone Needs T...   ➡️Banking Crisis: How Canadian Investors Might Be Affected:    • Banking Crisis : How Canadian Investors Mi...   ➡️New HST Residential Housing Rebate:    • New HST Residential Housing Rebate   ---------------------- DISCLAIMER: Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice. The information contained in this video is for general information purposes only. The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk. In no event will we be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information. #corporationtax #corporation #personalincometax #taxintegration #taxsaving #activeincome #smallbusinessincome #incometax #incomesplitting #taxsavingstrategy #taxtips #taxobligation #realestatetaxtips #Cherrychan #realestateinvestment ---------------------------------