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Deduction

Small Business Deduction [Canada Business Network, CBN]

9 August 2012 - 9:36am
Author: 
Canada Business Network (CBN)
Publisher: 
Government of Canada
Year of publication: 
2012

If you operate a Canadian-controlled private corporation, you may be eligible for an annual tax credit. This reduces the amount of tax that your business might otherwise have to pay.

https://canadabusiness.ca/programs/small-business-deduction-1/

New Small Business Tax Deduction [Canada Business Network, CBN]

9 August 2012 - 9:33am
Author: 
Canada Business Network (CBN)
Publisher: 
Government of Canada
Year of publication: 
2012

Your new small business may be eligible for an exemption from paying Nova Scotia corporate income tax for your first 3 years of incorporation if:

*You have at least 2 employees, one of which is full-time and unrelated to any shareholder.

*This is a completely new type of business activity for you.

*The business is independent of any other corporations

*It is not a previous business with the same or related owners.

https://canadabusiness.ca/programs/tax-deduction-for-new-small-business-1/
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by Dr. Radut