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We hear this question a lot. There are two ways a business owner gets paid – salary or owner’s draw. Salary A salary is when you put yourself on the payroll and deduct the necessary taxes from each pay, just like paying staff. It is rigid yet...
When starting a business, the business structure should be carefully considered as it will have consequences to the way your business is runned. In Canada, there are essentially 3 common business structures: Sole proprietorshipPartnershipsCorporations Sole...
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