Early 2019 tax tips for business owners and individuals

Jan 02, 2019 | Bird Elinesky Schuett Private Wealth Management


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Business owner and individual tax planning strategies that have deadlines in early 2019.

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If your corporation declared a bonus in 2018, remember to pay that bonus within 179 days after the corporation’s year-end. Canadian tax rules allow a corporation to deduct a bonus declared to an employee on the corporation’s previous year’s tax return, as long as the bonus is paid within 179 days after the corporation’s year-end.

 

Click here to read more about this and other early 2019 tax tips, including RRSP, TFSA, and Locked-in Plan conversion.

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