8 Small Business Tax Strategies to Reduce Income Tax in Canada

Author: External Author | Mar 16, 2022 | Categories: Bookkeeper , Chartered Professional Accountant , Corporate Tax Services , Income Tax Preparation , Personal Tax Services , Small Business Accounting , Tax Accountant , Tax Planning , Tax Services

There are many ways for small businesses to legally reduce their income taxes in Canada. This guide offers some of the top strategies to lower your taxes and keep more money in your business.

Note that some of these only apply to people who are running sole proprietorships or partnerships and file their income tax using a T1 personal income tax return.

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Original Article Source Credits: the balance small business, https://www.thebalancesmb.com

Article Written By: Susan Ward

Original Article Posted on: January 28, 2020

Link to Original Article: https://www.thebalancesmb.com/strategies-to-reduce-small-business-income-tax-canada-2947304