Calculator results



your potential tax savings is



$

Sole Proprietor

Total Taxes Paid
CPP Employee
CPP Employer
EI Employee
EI Employer
Personal Tax

Total Taxes

Incorporated Entity

Total Taxes Paid
CPP Employee
CPP Employer
Personal Tax On Salary
Personal Tax on Dividends
Corporate Tax

Total Taxes



Caveat:

This calculator has been developed from a database of Wall & Associates, an ISO 9001 Registered firm of public accountants focusing on the home based business. Readers are cautioned to understand that results are based on past experience and individual results may vary.

we do not advocate the deduction of any expense that was not incurred in an attempt to earn income. If however, the individual can develop a 30 second elevator speech that is targeted at high earning employees who have expenses to deduct, it is possible to repeat your message to the extent that there will be a realistic opportunity to legitimately deduct the ammounts identified in the calculator


Province Hourly Rate

Revenue
Expenses edit
Salary

Corporate Taxable Income

Corporate Income Tax

Retained Earnings (opening)

Number of eligible shareholders
Dividends

Retained Earnings(closing)



Description Expenses Description Expenses

Automobile Rent/Home Office
Business Promotion Travel
Depreciation Advertising
Consulting Fees Accounting Fees
Office Supplies Telephone
Employee Benefits Professional Fees
Education Computer Supplies
Books & Periodicals General
Insurance Interest
Repairs & Maintenance Bank Charges
Wages Back To Top

Total