5 Money Saving Hacks Every Canadian Business Owner Needs To Know!

Описание: #savemoney #passiveincomeideas #outsourcing #immigrants #incorporation
Are you a business owner in Canada looking to maximize your savings? Then it's high time to join a free strategy call with Lakshay - https://bit.ly/15-mins-free-consulting
💼 In this video, we've got you covered with 5 essential money-saving tips that will make your journey smoother! 🌟 From tax strategies to cost-cutting hacks, we've got the inside scoop for you. Whether you're a newcomer or a seasoned entrepreneur, these tips will help you thrive financially while living the Canadian dream. Don't miss out on these must-know insights! 🤑✨ Share this video with fellow immigrants and business owners to empower them on their financial journey. 💪

#newlyincorporated #savemoney #prec #rt #rc #payroll #healthsavingsaccount #corporatetax #realtors #equityshareholders #preferredshareholders #salary #dividends #expenses #CanadaBusiness #NewImmigrants #MoneySavingTips

Top insights you will get from this video:
1) New tax deadlines
2) PREC, its requirements and mistakes to avoid
3) Difference between RT, RP and RC account; setting up payroll in advance
4) Importance of CRA - my business account
5) How to take money out of your PREC the right way
6) Health Savings account

Time Stamp:
00:00 Intro
03:09 Incorporate and avail the lower tax rate
05:38 Sole proprietor agents income vs. PREC income
07:58 Passive investments
10:03 Association of RP, RT, and HST to your business number
11:58 CRA - my business account
13:30 Eligible deductible expenses

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''The content, information, and material (whether or not it states any opinions) are for general information purposes only and do not consider your personal circumstances or objectives. Nothing in this material is (or should be considered) financial, investment or other advice on which reliance should be placed. No opinions given in the material constitute a recommendation by LGCPA Professional Accountants or any of its affiliates.

Although the information set out in this marketing communication is obtained from sources believed to be reliable, neither LGCPA Professional Accountants nor the author guarantees accuracy or completeness. All information is indicative and subject to change without notice and may be out of date at any given time.