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Every business wants to pay less tax, but effective corporate tax planning requires expertise, strategy, and compliance with Canada Revenue Agency (CRA) regulations. Proper tax optimization can save your company thousands of dollars while keeping you compliant with tax laws.
At Westview Accounting & Tax Services Inc., we specialize in helping businesses in North Vancouver, BC, legally minimize their corporate tax liabilities. Through deductions, credits, tax deferrals, and business structuring, we ensure you take advantage of every available tax-saving opportunity.
✔ Maximizing Business Deductions – We identify all eligible expenses, including salaries, rent, advertising, office supplies, professional fees, vehicle expenses, and more.
✔ Deferring Taxes & Income Splitting – We structure your finances to spread tax liability over multiple years or share income with family members to reduce overall tax rates.
✔ Optimizing Salary vs. Dividends – We determine the most tax-efficient way to pay yourself, whether through salary, dividends, or a combination of both.
✔ Leveraging Small Business Deductions – We ensure you qualify for the Small Business Deduction (SBD), reducing your corporate tax rate on eligible income.
✔ Utilizing Tax Credits – We assess your eligibility for tax credits such as the Scientific Research and Experimental Development (SR&ED) credit, investment tax credits, and more.
✔ Strategic Year-End Planning – We guide you on timing expenses, purchases, and income recognition to optimize tax efficiency.
✔ Avoiding CRA Red Flags – We ensure compliance with tax laws while using legal tax strategies that minimize audit risks.
✔ Lower Your Tax Bill – Keep more of your business earnings while staying compliant with tax laws.
✔ Improve Cash Flow – Tax savings free up more capital for reinvestment and growth.
✔ Ensure Long-Term Stability – Avoid unexpected tax liabilities and plan ahead for sustainable tax efficiency.
✔ Stay Compliant & Avoid Penalties – We ensure your tax strategies are fully compliant with CRA regulations, reducing audit risks.
🔹 Comprehensive Tax Review – We assess your business structure, financials, and tax filings to identify savings opportunities.
🔹 Customized Tax Strategy – We tailor a personalized tax plan that aligns with your business goals.
🔹 Year-Round Tax Optimization – We offer ongoing tax planning, not just year-end tax preparation.
🔹 Full-Service Business Support – Need bookkeeping, payroll, or corporate tax filing? We provide integrated financial solutions.
✅ Specialized in BC Corporate Tax Strategies – We focus on North Vancouver-based businesses, ensuring compliance with federal and provincial tax regulations.
✅ Expert Tax Optimization Without Risk – We help you minimize taxes legally while ensuring compliance with CRA rules.
✅ Proactive, Not Reactive – We plan ahead to maximize savings and avoid last-minute surprises.
Don’t leave money on the table—let Westview Accounting & Tax Services Inc. create a customized tax strategy that helps your business pay less tax while staying compliant in North Vancouver, BC.
📞 Contact Us Today! Get started with expert corporate tax planning!
As a business owner, one of the most important financial decisions you’ll make is how to pay yourself—through salary, dividends, or a combination of both. The right strategy can help you minimize taxes, maximize personal income, and improve business cash flow.
At Westview Accounting & Tax Services Inc., we specialize in custom salary vs. dividend planning for incorporated business owners in North Vancouver, BC. We analyze your financial situation and business structure to determine the most tax-efficient way for you to get paid while staying compliant with Canada Revenue Agency (CRA) regulations.
✔ Salary (Employment Income)
✔ Dividends (Profit Distribution)
Each option has benefits and trade-offs. The right mix depends on your business, income level, retirement goals, and tax situation.
🔹 Personalized Tax Planning – We analyze your income, lifestyle needs, and corporate structure to recommend the best salary-dividend mix.
🔹 Maximizing Tax Savings – We ensure your compensation strategy minimizes your overall tax burden while keeping your corporation tax-efficient.
🔹 CPP & Retirement Considerations – We help you decide whether CPP contributions through salary are beneficial for your retirement plan.
🔹 RRSP & TFSA Optimization – If you want to maximize RRSP contributions, we structure your salary accordingly.
🔹 Income Splitting & Family Planning – If you have family members in the business, we explore income splitting opportunities for tax savings.
🔹 Cash Flow & Business Growth – We balance your personal income needs with your business’s ability to retain profits for reinvestment.
✔ Lower Your Overall Tax Burden – The right balance of salary and dividends can reduce your combined personal and corporate tax bill.
✔ Improve Business Cash Flow – Avoid excessive payroll taxes while keeping your corporation financially healthy.
✔ Plan for Retirement & Benefits – Consider CPP contributions, RRSP eligibility, and other retirement strategies.
✔ Ensure Compliance & Avoid CRA Issues – The CRA monitors salary and dividend payments closely. We ensure everything is done correctly.
✅ Specialized in BC Business Tax Planning – We focus on North Vancouver-based corporations, ensuring compliance with federal and provincial tax laws.
✅ Customized Salary & Dividend Optimization – Every business is different. We tailor a plan that fits your unique situation.
✅ Year-Round Tax Strategy Support – We don’t just help at tax time—we plan ahead to maximize your savings all year long.
Make the right choice between salary and dividends with expert tax planning from Westview Accounting & Tax Services Inc.. We ensure your compensation strategy is tax-efficient, compliant, and aligned with your long-term financial goals in North Vancouver, BC. 📞 Contact Us Today! Get expert salary vs. dividend planning for your business!
As a small business owner, knowing which expenses you can deduct can make a significant difference in lowering your taxable income and keeping more money in your business. The Canada Revenue Agency (CRA) allows various business expenses to be deducted, but claiming them correctly is key to avoiding audits and maximizing savings.
At Westview Accounting & Tax Services Inc., we help small businesses in North Vancouver, BC, identify and claim every eligible tax deduction, ensuring your business operates tax-efficiently and remains compliant with CRA regulations.
✔ Home Office Expenses – If you work from home, you can deduct a portion of your rent/mortgage, utilities, internet, and office supplies.
✔ Vehicle & Travel Expenses – Mileage, gas, insurance, parking, and business-related travel costs can be deducted when properly tracked.
✔ Advertising & Marketing – Online ads, website costs, social media promotions, business cards, and branding materials are deductible.
✔ Business Meals & Entertainment – A portion of meal and entertainment expenses related to client meetings or business networking can be claimed.
✔ Professional Services & Fees – Fees for accountants, tax preparers, consultants, and legal services are fully deductible.
✔ Wages & Contractor Payments – Salaries paid to employees and subcontractors are tax-deductible.
✔ Insurance Premiums – Business-related insurance policies, including liability, property, and professional insurance, can be written off.
✔ Technology & Software – Computers, business software, subscriptions, and tech equipment used for business purposes are eligible expenses.
✔ Training & Education – Business courses, professional development, and certifications that enhance your business skills can be deducted.
✔ Rent & Utilities for Commercial Space – Office rent, utilities, phone lines, and internet services for your business are deductible.
Claiming all eligible deductions can significantly reduce your taxable income and lower your overall tax bill—but doing it correctly is essential to avoid CRA audits or disallowed claims.
🔹 Comprehensive Business Expense Review – We analyze your business expenses to ensure you claim every allowable deduction.
🔹 CRA Compliance & Audit Protection – We ensure that all expenses are properly documented and categorized to avoid red flags.
🔹 Home Office & Vehicle Deduction Optimization – We calculate the correct portion of your home office and vehicle expenses for maximum benefit.
🔹 Expense Tracking & Bookkeeping Support – Need help organizing receipts and expenses? We offer full bookkeeping solutions to keep your records in order.
🔹 Strategic Tax Planning for Future Savings – Beyond deductions, we provide ongoing tax strategies to reduce your taxes year after year.
✅ Specialized in BC Small Business Taxation – We focus on North Vancouver-based businesses, ensuring compliance with federal and BC tax laws.
✅ No Missed Deductions – Many business owners leave money on the table by not claiming all eligible expenses—we make sure you don’t.
✅ Full-Service Tax Support – Need help with GST/HST filing, payroll, or corporate tax returns? We provide integrated tax and accounting solutions.
Don’t overpay on taxes by missing out on legitimate business deductions. Let Westview Accounting & Tax Services Inc. handle your tax planning, ensuring you reduce your tax bill while staying fully compliant in North Vancouver, BC. 📞 Contact Us Today! Get expert tax deduction planning for your business.
Running a business comes with many costs, but not all expenses are created equal when it comes to tax savings. Properly categorizing and managing business expenses and write-offs can help you legally lower your taxable income and maximize profitability. However, the Canada Revenue Agency (CRA) has strict rules on what can and cannot be deducted.
At Westview Accounting & Tax Services Inc., we provide expert guidance on business expense and write-off strategies for companies in North Vancouver, BC. We help you identify deductible expenses, optimize tax efficiency, and stay compliant with CRA regulations—so you keep more money in your business.
✔ Operational Expenses – Everyday business costs such as rent, utilities, phone lines, office supplies, and insurance premiums.
✔ Marketing & Advertising – Digital ads, website hosting, branding, social media promotions, and business cards.
✔ Professional Services – Fees for accounting, tax preparation, legal consultations, and business advisors.
✔ Business Vehicles & Transportation – Mileage, fuel, insurance, maintenance, parking, and lease costs for business vehicles.
✔ Technology & Software – Laptops, business software, cloud services, and subscriptions.
✔ Home Office Expenses – If you run your business from home, you may be eligible to deduct a portion of rent, mortgage interest, utilities, and internet costs.
✔ Meals & Entertainment – A portion of client meals, networking events, and entertainment costs are tax-deductible.
✔ Salaries & Wages – Employee wages, subcontractor payments, and payroll costs are fully deductible.
✔ Travel & Conferences – Business-related travel expenses, including flights, hotels, and conference fees.
🔹 Comprehensive Expense Review – We analyze your business spending to ensure all eligible expenses are properly claimed.
🔹 Tax-Efficient Expense Categorization – Properly structuring expenses helps you maximize deductions without raising CRA red flags.
🔹 CRA Compliance & Audit Readiness – We ensure your business write-offs are well-documented to prevent issues during audits.
🔹 Home Office & Vehicle Expense Optimization – We calculate the correct percentage of home office and vehicle use that can be legally written off.
🔹 Strategic Year-End Planning – We time business purchases and expenses effectively to optimize tax savings.
🔹 Full-Service Bookkeeping & Tax Support – We help keep your expense tracking organized year-round, reducing stress at tax time.
✅ Specialized in BC Business Taxation – We focus on North Vancouver-based businesses, ensuring compliance with federal and provincial tax laws.
✅ No Missed Write-Offs – Many business owners overpay on taxes because they don’t claim all available deductions—we make sure you don’t.
✅ Audit Protection & Compliance – We help document and structure expenses correctly to reduce audit risk.
✅ Integrated Business Tax Solutions – Need bookkeeping, GST/PST filing, or payroll services? We provide comprehensive tax and accounting support.
Don’t let tax savings slip through the cracks. Let Westview Accounting & Tax Services Inc. help you optimize your business expenses, lower your tax bill, and keep your finances compliant in North Vancouver, BC. 📞 Contact Us Today! Get expert guidance on business write-offs and tax strategies!