Income Tax - Starting Up a Business (VO)
An introductory level seminar that focuses on the many tax issues that arise – both compliance and planning related – when starting a business. The seminar is primarily focused on private companies.
Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session.
After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.
Click HERE for more information on Video-On-Demand courses.
Common traps and planning opportunities when starting a business will be discussed. Starting with an overview of forms of business, including pros and cons of each, the seminar will present structuring decisions for tax efficiency and to preserve access to losses. Planning opportunities in the start up phase and employee issues will also be addressed.
The seminar is primarily focused on private companies with particular focus on fairly straightforward private company situations. It does not touch on provincial-specific regulations or non-tax issues that are relevant to private companies (ie. workers compensation rules, specific registration requirements, etc.).
WHO WILL BENEFIT:
General practitioners who are involved in advising clients who are starting a new business.
By the end of this course, participants will understand:
- the basic forms in which a business can be carried on in Canada,
- the basic techniques for structuring a new business in a tax-efficient manner,
- the basic tax considerations for dealing with start-up losses,
- some basic tax planning opportunities that small businesses can consider, and
- employee-related issues for new businesses.
Topics covered in this course include:
- Proprietorships, partnerships, and corporations
- Structuring for tax efficiency
- Structuring for investors
- Structuring decisions to preserve access to losses
- Planning opportunities
- Employee issues