LATEST TAX TIP ARTICLES

Have you established a limited company to provide long-term services to a single client, hoping to enjoy the low tax rates of a Canadian Private Company (CCPC)? You may have fallen into the "Personal Services Business" trap as defined by the Canada Revenue Agency (CRA). Once classified as such, your company's tax burden and deductible expenses will be severely restricted. What is PSB? You may have already fallen victim to it. Simply put, if you strip away the corporate shell