This year, small business owners will be paying more tax Advisor to Client (Keyword) on the dividends they draw from their corporations.
The 2013 federal budget expressed concern that taxpayers who receive these dividends are getting disproportionately more, from a tax perspective, than if that income was paid as salary. The government has since enacted changes that target corporate income, which uses the small business deduction to try to close the gap. Previous changes already addressed corporate income that had been subject to full corporate tax rates—the so-called eligible dividend regime introduced in 2006 and rolled out over the following six years.
What Our Clients Are Saying
"Great accounting company. Sean was amazing to work with. He's very friendly and helped us through some pretty challenging taxes. Thank you." - Joanne Doucet
"We've been with ATS Accounting for the last 3-4 years and he's been great!! He's handled our business and personal accounts. Had we not moved to Winnipeg, we would have stayed with him. I highly recommend his services" - Amy Vaillancourt