Are We Double Taxed If We Earn Income In A Corporation?

Have you ever wondered whether earning income in a corporation means paying twice the amount of taxes compared to investors who earn income in their personal name?

In this video, we use simple-to-understand examples to explore how tax integration plays a crucial role in your overall tax liability and the tax implications of earning income in a corporation vs. personal name.

Stick around to the end of the video and discover a simple tax-saving strategy you can use to minimize your tax bill.

Key Moments In This Episode
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00:00 - Introduction
01:54 - What is Tax Integration?
03:00 - Example of Tax integration
04:38 - Earning active small business income in a corporation
05:19 - Tax implication for earning income in a corporation
08:33 - Corporation tax vs. personal tax vs. tax integration
09:28 - Why Accountants recommend setting up a corporation
10:47 - Tax saving by splitting income with future self

If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.

Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies so you don’t miss a thing!

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Please make sure to speak to a professional that knows your personal situation before making a decision.

If you need to talk to someone on my team, email us at [email protected].

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DISCLAIMER:

Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
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