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Archive: February 2012

  • Should I Buy or Lease a Vehicle?

    By: Jonathan Sears No Comments

    Hi Everybody, I am Jonathan Sears from Sears Chartered Accountants. Thanks for watching my video today. Topic today is going to be should I buy or lease my vehicle. And if I have a corporation should I have them within the corporation or should I hold them outside of the corporation. It’s not a difficult […]

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  • The Difference between a compiliation, review and audit

    By: Jonathan Sears No Comments

    Hi Everybody, I am Jonathan Sears from Sears Chartered Accountants. Today we are going to talk about the difference between a compilation, a review and an audit. Very often, I get the question, which one do I need. Or briefly explain the three of them and discuss in general which one most people go with. […]

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  • Should I Incorporate – Income Splitting

    By: Jonathan Sears No Comments

    Transcript: Hi everybody. I am Jonathan Sears from Sears Chartered Accountants. We have been talking about the reasons to incorporate. So far we talked about credit approving, and we talked about tax deferral and now we talk about income splitting which to me is the biggest advantage of incorporating. Income splitting is basically an opportunity […]

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  • Should I Incorporate? Tax Deferral

    By: Jonathan Sears No Comments

    Transcript: The next reason I consider incorporating is tax deferral. Generally people who are making large income about let’s say $150,000 dollars or more are looking at a marginal tax rate of 40%. 40% is quite a lot of tax. If it is within the incorporation that this money is being earned it comes down […]

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