Multitaxservices

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🏡 Your mortgage could potentially do more than just cost you interest.The Smith Manoeuvre is a Canadian tax strategy tha...
09/01/2026

🏡 Your mortgage could potentially do more than just cost you interest.

The Smith Manoeuvre is a Canadian tax strategy that may allow homeowners to convert non-deductible mortgage interest into potentially tax-deductible investment interest.

By using available home equity to invest, you may be able to build long-term wealth while creating possible tax advantages.

But the strategy must be structured properly, and it comes with borrowing and investment risk.

📩 Want to know if the Smith Manoeuvre could work for your situation? Contact MultiTaxServices to understand the tax side before you get started.

💼 Salary or Dividend? Which one should you choose as a business owner?The answer isn’t as simple as picking the one that...
07/20/2026

💼 Salary or Dividend? Which one should you choose as a business owner?

The answer isn’t as simple as picking the one that saves the most tax.

Both salary and dividends have their own advantages. Your decision can affect:
✔️ Your taxes
✔️ CPP contributions
✔️ RRSP contribution room
✔️ Corporate tax planning
✔️ Your long-term financial goals

The right choice depends on your business, income, future plans, and overall tax strategy—not just what worked for someone else.

A small decision today can make a big difference over the years.

📞 Need help deciding what’s best for your corporation?

At MultiTaxServices, we help business owners across Canada build tax-efficient strategies—not just file returns.

📍 Bookkeeping | Payroll | Corporate Taxes | Personal Taxes

💬 Send us a message or book a consultation today.

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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