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How to pay yourself as a business owner

How to pay yourself as a business owner

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...
Which Business Structure is Right for my Business?

Which Business Structure is Right for my Business?

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...