Resources
Year-end checklists, salary vs. dividends, shareholder loans and filing deadlines.
Manufacturing machinery bought now can be written off 100% in the first year. That's a big opportunity, but claiming it all isn't always smart, and selling old equipment can bring the tax back. Here's how it works, with examples.
In a family-run manufacturer, paying a spouse, son or daughter can make sense. But dividends to family members are caught by the tax on split income rules unless an exception applies. Here's how salary, dividends and TOSI work, with a family example.
Incorporating can cut an owner-operator's tax while they build up money in the business. It also adds cost and paperwork, and for drivers who work for just one carrier it can backfire badly. Here's how to tell which side of the line you're on.
You can't deduct a $150,000 tractor in one go. Here's how depreciation (capital cost allowance) works for trucks and trailers, the faster first-year write-off available now, and how buying, trading in and selling a truck change your tax bill.
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