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July is almost here, and that means the 4th annual South Asian Cultural festival is coming close!Expect traditional and ...
06/29/2026

July is almost here, and that means the 4th annual South Asian Cultural festival is coming close!

Expect traditional and modern dance performances 💃🏽, exciting bands, singers, musicians and DJs 🎵.

Our vendors will have many delicious snacks and drink options, as well as art, jewelry, clothes, henna, tarot card readings, and more!
🍹 🥟🍨🎨💎👚

A huge thank you to our sponsors and partners who have made it all possible.

See you there July 25 and 26 on Dundas Place Block One!

💰 One Year-End Decision Could Save Your Corporation ThousandsIf you own a corporation, an owner bonus isn’t just extra p...
06/24/2026

💰 One Year-End Decision Could Save Your Corporation Thousands

If you own a corporation, an owner bonus isn’t just extra pay—it’s a tax planning tool. A bonus paid to an owner-manager is generally deductible to the corporation, which can help reduce the corporation’s taxable income while allowing you to take money out of the business as employment income.

One important rule: if a bonus is declared at year-end, it generally needs to be paid within 180 days after the fiscal year-end for the corporation to claim the deduction. Bonuses are reported on a T4, create RRSP contribution room, and count toward CPP pensionable earnings.

Every corporation is different. The right mix of salary, bonus, and dividends depends on your profits, cash flow, and personal tax situation. Before filing your corporate tax return, make sure you’re using the strategy that works best for you.

📞 Need help with corporate tax planning? Contact MultiTaxServices today.

04/22/2026

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