Dividends Don't Divide

If you are among the fortunate who hold a basket of well-diversified dividend-yielding shares, you will check out the dividend yield, the ex-dividend date and the dividend payment date. A bank stock will vie with other banks in order to raise dividends as permissible. A health stock like Moderna is re-investing its earnings, focusing on R&D and would like the investor to tag along and ride out the pandemic.

If you are a shareholder-business owner, you could take a salary if you are not investing your hard-earned savings and time into your business. Or else, you do have the option of giving yourself a T5 and issuing dividends at some point during the year. The difference between a pay cheque and dividends being you are deferring tax. For what you don’t pay upfront, you do pay when you file your tax return.

Therefore, while on the one hand you garner dividend tax credits or pay dividend withholding tax, on the other, you defer-defer-defer. And hopefully you have socked away some of those dividends in a savings account so you can pay off that tax bill. So, don’t head to the airport … yet.

Please reach out for your professional bookkeeping, payroll, management consulting, capital gains, personal and corporate tax requirements to me ceo@TrushaDesai.com #TrushaDesai.com

#BellLetsTalk

I am an accredited business of Better Business Bureau, and find that the pandemic has changed our perspective on how workplaces can improve the wellness of employees.

The following is a quote from Better Business Bureau:

“A 2021 Wellable Employee Wellness Industry Trends Report reveals that 88% of employers are investing more in mental health initiatives. The survey also enumerates other ways companies are investing in workplace wellness, whether that workplace is a home, an office or a retail store:

• Telemedicine - 87% of employers

• Stress management/resilience - 81% of employers

• Meditation and mindfulness - 69% of employers”

I have meditated over the years. However, as I focus more on meditation and being mindful of mental health, I see that calmness is acquired. Slowly, but steadily. And this, in turn, leads to peace of mind. For padmasana in yoga is the key pose for meditation, and difficult though it is to keep straggling thoughts at bay, it is possible. This targeted energy on a mantra takes us out of a conundrum of apathy, dismay and sadness. This can lead to closure on matters that do not need further reflection.

Please reach out for your professional bookkeeping, payroll, management consulting, capital gains, personal and corporate tax requirements to me ceo@TrushaDesai.com #TrushaDesai.com

Happy 2022 - A Year of Resilience

The pandemic has affected all of us in different ways. However, we are grateful that we have weathered the storm thus far. If we lost employment, we did need to recoup income in some way or another. And here we have seen the resilience that people have exhibited across the board and kept afloat.

If you have switched from being an employee and getting a standard T4 every year to becoming self-employed and earning income, I can help you with filing your Canadian personal tax return.

If you opted for early or enforced retirement, I can help you with ensuring your taxes are in order.

For not only does Trusha Desai Innovation Management Inc. do bookkeeping and payroll, we also have over ten years of experience in filing Canadian personal taxes. We have over five years of experience in filing Canadian corporate taxes. Please reach out for your professional bookkeeping, payroll, management consulting, capital gains, personal and corporate tax requirements to me ceo@TrushaDesai.com #TrushaDesai.com