Sole proprietors can utilize a wide range of tax savings techniques. You can claim many of the same expenses and deductions as corporations. Watch this video to find out more. Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharter... Add us on Google Plus - https://plus.google.com/u/1/108551869... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) https://www.youtube.com/watch?v=dG_TO... Timeline: 00:45 -- Take advantage of non-capital losses 01:06 -- Pay wages to family members for income splitting 01:32 -- Claim relevant expenses to your business 02:02 -- Consider incorporating your business Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Tax Tips for Sole Proprietors - YouTube |
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| Entertainment | Upload TimePublished on 9 Jun 2014 |
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