by Nguyen Scott LLP | Jul 22, 2026 | Accounting, Business Tips, Corporate Tax
Once you incorporate your business, one question comes up every year without fail: should I pay myself a salary, dividends, or some combination of both? It sounds simple. It is not. The answer depends on a dozen intersecting variables — your personal income, your...
by Nguyen Scott LLP | Jul 6, 2026 | Accounting, Business Tips, Corporate Tax
Every spring, after tax season wraps up and Edmonton business owners see what they actually owed the Canada Revenue Agency, we receive a inquiries that start the same way: ‘I had no idea I was going to owe that much. Is there a better way to do this?’ The...
by Nguyen Scott LLP | Jun 17, 2026 | Accounting, Personal Tax
Estate and trust planning occupies an uncomfortable space in most people’s minds — it requires thinking about death and significant wealth transfers, which most people would rather not do. As a result, it tends to be deferred. The problem is that deferring...
by Nguyen Scott LLP | Jun 3, 2026 | Accounting, Business Tips, Corporate Tax, Small Business Taxes
If you operate a small or medium-sized business in Alberta and have ever applied for a business loan, approached an investor, or been asked to provide financial statements to a landlord or supplier, you have likely encountered the term Notice to Reader. It is the most...
by Nguyen Scott LLP | May 20, 2026 | Accounting, Business Tips, Corporate Tax
Alberta is the only province in Canada without a provincial sales tax. As a result, Alberta businesses deal exclusively with the federal Goods and Services Tax (GST) at a rate of 5% — not the Harmonized Sales Tax (HST) that applies in provinces like Ontario and Nova...
by Nguyen Scott LLP | Apr 23, 2026 | Accounting, Business Tips, Corporate Tax, Personal Tax, Self Employed
More Canadians are working as independent contractors, consultants and freelancers than ever before. Many of these professionals run their businesses out of their homes. This provides flexibility, lower overhead and an easier path to entrepreneurship. But it also...
