What is Directors’ Remuneration? Directors’ Remuneration (also referred to as Directors’ Compensation or Directors’ Fees) refers to any and all…
Loan Forgiveness Loan forgiveness is a situation in which a creditor, such as a bank or government entity, decides not…
Loan Received by a Business Obtaining a loan from a bank or other financial institution is a common way for…
What is an Owner Contribution? When a business is first starting out, its owners or co-founders may need to invest…
What are Capital Dividends (Canada)? Certain dividends, called capital dividends, may be paid tax-free by private corporations to their Canadian-resident shareholders. This means that no…
What are Incorporation Costs? Incorporation costs refer to the fees and expenses that are incurred in the process of forming…