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Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.

GRIP (General Rate Income Pool) in Canada Explained
CRA & Tax Compliance

GRIP (General Rate Income Pool) in Canada Explained

Understand the General Rate Income Pool (GRIP) in Canada: its purpose, calculation, impact on eligible dividends, and common mistakes. Includes a worked example for an Ontario contractor firm and practical tips for CPAs.

By Sara Tatalu·
Eligible vs Ineligible Dividends in Canada Explained
CRA & Tax Compliance

Eligible vs Ineligible Dividends in Canada Explained

Eligible and ineligible dividends are taxed differently in Canada. This guide explains the distinction, the dividend tax credit, and how to choose the right type for your corporation and shareholders.

By Sara Tatalu·