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Deduction

Small Business Deduction [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.

New Small Business Tax Deduction [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.

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by Dr. Radut