Small Business Tax Planning - How Much Money Do You Really Keep After Taxes?

Real life tax planning strategies for Canadian business owners. Find out how to efficiently you pay yourself and if you should you incorporate your business.

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🎥 CONTENTS OF THIS VIDEO

00:00 - Intro
01:37 - Scenario 1 - Freelancer Making $150k
05:17 - Scenario 2 - Business Owner Making $250k
08:37 - Scenario 3 - Corporation Making $1.2m
11:14 - Final Thoughts

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🔗 MENTIONED IN THIS VIDEO

► Should You Incorporate Your Business? - https://www.avalonaccounting.ca/blog/...

► Free Bookkeeping Template - https://www.avalonaccounting.ca/blog/...

► How to File Your Taxes for Free - https://www.avalonaccounting.ca/blog/...

► Salary vs Dividends - https://www.avalonaccounting.ca/blog/...

► Avalon Accounting - https://www.avalonaccounting.ca

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🅰️ AVALON ACCOUNTING

Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada.

We provide online bookkeeping, accounting services and expert financial advice for small businesses.

We are on a mission to educate small business owners through our YouTube channel, blog and free resources. Check out our links below to dive in.

► Website: https://www.avalonaccounting.ca/

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https://www.avalonaccounting.ca/courses

✅ ESSENTIAL FINANCIAL CONCEPTS FOR SMALL BUSINESSES (🆓FREE COURSE)
► Keys to building a business that provides owners with time, money and purpose.
https://www.avalonaccounting.ca/cours...

🖥️ LEARN MODERN BOOKKEEPING
► Learn to do your own bookkeeping with modern tools and our proven practices.
https://www.avalonaccounting.ca/cours...

📈 BOOKKEEPING AND TAX FOR FREELANCERS
► This course teaches sole proprietors how to simplify bookkeeping and taxes.
https://www.avalonaccounting.ca/cours...

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If you are looking to incorporate (in Canada) and want to save some cash, check out Ownr with our affiliate link for 20% off incorporation costs:

► https://www.ownr.co/partners/avalon-a...

We may receive compensation when our link is used to sign up with OWNR

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🧑🏻‍🏫 FREE BUSINESS GUIDES:

► Starting Your Business Guide:
https://joecollins.typeform.com/to/bc...

► Business Owner’s Productivity Guide:
https://joecollins.typeform.com/to/zJ...

► Financial Foundations Guide:
https://joecollins.typeform.com/to/jF...

► $1 Million Dollar Service Based Business Guide: https://joecollins.typeform.com/to/e2...