A corporation is a legal entity that is separate and distinct from its owners, known as shareholders. It is one of the most complex business structures and offers various benefits, especially concerning liability and tax advantages.
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A partnership business structure involves two or more individuals who agree to share the ownership, responsibilities, and profits of a business. Partnerships can be an attractive option for those looking to combine resources, expertise, and capital.
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In this three-part blog series, we’ll look at the pros and cons of the primary business structures: sole proprietorship, partnership, and corporation. We recommend meeting with a lawyer and accountant for customized and professional advice on which business structure is right for you.
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Albertans benefit from the highest donation tax credit rate in the country. They receive a 15% federal credit plus a 60% provincial credit, for a total credit of 75% on their first $200 of donations. For amounts over $200, they can claim a 29% federal credit plus a 21% federal credit, for a total credit of 50%.
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This $4 billion program helps businesses develop digital adoption plans and cover the costs of implementing new digital technologies.
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At Metrix, we work with our clients to take the stress out of tax season. Read on to learn how you can lower your tax bill, why you should file on time, the documents you’ll need, plus key dates for tax season.
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In this article we will focus on a few tips that can help your 2022 audit preparation, as well as give you the tools to start the cultural shift in 2023 and lead you to a place where the term ‘year-end’ no longer makes you shudder.
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