Holding investment assets inside your business #accountant #cuaet #tax #canada
Holding investment assets inside your business isn't just about growing capital — it can also be a smart corporate tax planning strategy💬 ⠀ When your corporation earns eligible dividend income from public investments, those funds carry a special tax status. Under the right conditions and with a proper GRIP balance, your business can pass these eligible dividends directly through to you as a shareholder. ⠀ The main advantage? Lower personal tax rates on the income you extract from your business. ⠀ Watch the video to learn more and optimize your personal tax position🔝
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