33 revealmags.com
YOUR friendly REMINDER:
TAX CREDITS & GRANTS
TAX CREDITS
Often overlooked and realized until much later, there is a tremendous benefit to understanding what tax credits may be available for your small business early on. Any opportunity to offset your tax liability allows for more cashflow to remain in your business, giving you that extra financial leverage you need to continue onward. In Canada, small businesses now account for roughly 7 out of 10 private sector jobs. Since 2018, the Canadian government has reduced the small business tax rate by 1.5%, with the intention
“
No matter what stage your business is at, even at the startup phase, there is a tremendous benefit to understanding what tax credits may be available to you.”
▼
#revealniagara