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WATFJiwo MIC“ -Wednesday. November 23. 2012 - l1 Certain advantages to incorporating your business i you're .. or...“ unitiuirmiralod business Once your business begins earning "active purposes before the year's end but actually incorporating a business comes with I ”mu-i or .t punt-Nona] whim- rt-gulatoâ€" business income” (income earned from your pay out the bonus money after that. costs â€" from initial setup and legal costs to r\' both allows incorporation. you've business operation. not, for example. from - leaving assets in the corporation where ongoing requirements for tax returns and probably gut-n the putt-nu.” benefits of other corporate investments) you may gain they will continue to grow on a tax-deferred corporate resolutions â€" and other legal incorporating .i git-at deal of an immediate tax break in some basis until you choose the withde them. requirements. But if you think incorporation . , thought provinces and the opportunity to - Creating a registered pension plan and may be right for you. speak with your legal ‘ H“- mm. “tut hum-m, or \ I \ k l \ defer pan ofyour tax payment. tax~deductible group health and life insur- and tax advisor and professional advisor incorporation are a more udvuiiâ€" . . ance plan for YOU and YOU! emPlOYM. thh before you (10. tuguius tax slrurtun- and crulir \l( )\ l \ MIDI-mm could include family members. ... tor proofing personal finances personal meta 0 Choosing a fiscal year spamting any 12- This column ispmuidedbyMcEachnie But there can be drawbacks. Corporate creditors can only month period. Select a fiscal year that ooin- Group Private Wealth Management. Contact Hon- am- wine of the issues to it t go after assets owned by the cor- cides with business or cash flow peaks or Russ McEachnie. CFRCPCA, CDFA at 519- consider when making your 5: poration. but banks and other when corporate expenses are higher (poten- 88643606:t.241 or russeleceachnie® "incortxirate or not" decision. suppliers often require small tially reducing your tax bite). inmwrxgmunmm. l . ‘ business owners to personally may“, v ' guarantee corporate liabilities If you need all of the profits and corporate directors may be from your business to support " liable for many types of unpaid your personal cash flow needs. debts SUCh as outstanding GRADE 8 PARENT you because the cost of setting employee'source deductions. up and maintaining the corpo- incorporation may provide some ration could outweigh any tax creditor protection. but only if benefits On the other hand. if you are finanâ€" PYOPCHY SthTUI'Bd. SO speak to an advisor to cially able to retain some profits inside the ensure you are protected. company. you could derive significant tax savings Other potential advantages of incorpora- tion: . .. . mum mug“ - income-splitting to reduce taxes by mak- M ' W ‘ W ' WW if you are just starting your business. ing W3; 5.30“? mdgttgxhggljendslhfihmg‘ incorporation should probably wait because 8'8 - M en 5 In err an 5 losses incurred by an incorporated business â€" or employing them as long as the remu- Resurrection Wk Secondary School, Kitchener can't flow through to shareholders. In the neration Is reasonable for the work per early stages ofyourbusinoss value likely bet- form“- , , Wednesday, December 5, 2012 -- 7:00 pm. ter off using losses personally against other - Defemng certain expenses. For example. income. you can report employee bonuses for tax Cleer powers new WLU program 5‘ ”‘3'” "k“ ”m“ ”m Cleer Corporation. a leader in next gen- vital intelligence on how students interact Thursday, November 29, 2012 -- 6:30 pm. eration e-Teaching platforms. announced with the content and adapt the learning recently that Wilfrid laurier University is experience to best meet the smdems’ needs." using its expenise to provide support for its said Steve Farlow. executive director at the popular innovation and entrepreneurship SchlegeiCenter for FJitrepreneurahip. 5" M Wk WW ”not Wm program for undergraduate and graduate “1111s efiort at Wilfrid lander University is studies across all faculties an excellent example of an institution dedi- ThumdaY; December 6; 2012 - 6300 DJ“- (Ileer will provide its cloud-based. on- cated to sharing entrepreneurial thinking demand. multilingual and smart phone- with students on any campus in the world." accessible platform for iaurier students to said Dana Fox. president and CEO ofCleer. W DOME access highly relevant content anytime. from “The solution we have developed for laun'er Wk Secondary W’ any device. anywhere in the world. helps them to deliver great material to a wide Cambridge 'The (lleer platform allowsusto suppon base of their students on campuses in a blended looming environment on campus Ontario and helps the school reinforce their _- - and allows our educators the ability to View brand and attract students globally.‘ Thumday’ January 17' 2013 6'30 p'm' / St. Benedict Catholic Secondary Sdiool, Cartridge “ 4/ \ Thursday, January 17, 2013-- 7:00 p.m. _ I For Ilium on the Waterloo Catholic District School Board's . O f O secondary schools and secondary school programs, please visit: m , http:[lwwwmcdsbcalprggramslgurrlcuIumlseclsechtml. _ BUY 1 lte Buy 2 Item WNW Items , S AVE SAVE / SAVE ! For information about the innovative new I i summarily ”Program, 0/0 0/0 j 0/ i please visit: WM 1 o i i\ i . i w w w w c d r b r o i i “a“. _ i ”than... 55 t .. â€" t