Avoid the trap into which many would-be business owners fall
In today’s uncertain employment environment, many Canadians are choosing to earn business income rather than seek regular employment. As a result, the small business industry has exploded over the past decade and is now the engine that drives much of our economy. It is also not unusual these days to find people with regular employment earning extra business income on the side. While rapid technological changes have replaced countless jobs, they have also opened up numerous opportunities for entrepreneurs.
But regardless of the business involved, some of the most attractive features of any business are the tax deductions and the opportunities to split income, which, depending on the business, can be quite substantial at times. Tax laws and programs are ever-changing, and with Bailey’s Tax Services by your side, you can stay confident that our team will continuously research for applicable loans or programs and other forms of tax relief for your business.
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