SMALL BUSINESS
Small Business, Big Peace: Making Your Tax Hassles a Miniature Task
At Toronto Tax Boutique, we do more than just crunch numbers. We take the time to understand your business inside and out. Our goal is to make taxes simple for you
By getting to know your business well, we can suggest smart ways to save on taxes while keeping everything compliant.
For small businesses in Canada, knowing how corporate taxes work is essential—and we're here to help.
The Dual Tax Rate System
Canada has a dual tax rate system, with both federal and provincial taxes.
The federal small business tax rate for Canadian-controlled private corporations (CCPCs) is 9%, subject to specific eligibility criteria.
Provincial tax rates vary; for example, Ontario's general corporate tax rate is 11.5%, but qualifying small businesses with revenue below $500,000 CAD benefit from a reduced rate of 3.2%.
The Science Of Paying Yourself From Your Corporation
When running a small business, choosing how to pay yourself is more than just a paycheck—it impacts your taxes and overall financial health.
Discover The Balance Between Salary And Dividends With Toronto Tax Boutique's Expert Guidance:
- Salary offers a tax deduction for the corporation.
- Dividends are taxed at a lower personal rate.
Tailored Solutions For Your Business
Corporate tax rates depend on factors like revenue, location, and structure.
Toronto Tax Boutique specializes in creating tailored tax strategies to help businesses across Canada save more.
Maximizing Benefits For CCPCs
Canadian Controlled Private Corporations (CCPCs) benefit from a lower small business tax rate.
A CCPC,which is majority-owned by Canadians, enjoys the small business rate and unique advantages.
Expert tax filing made simple, transparent, and stress-free. Get the refund you deserve with Toronto Tax Boutique!
Subscribe to get expert tax tips, refund maximization strategies, and exclusive updates—straight to your inbox!