Quotes of the Day

In a perfectly integrated system, the amount of total taxes paid by the individual and corporation will be identical to the total taxes paid by the individual alone, regardless of the individual's marginal tax rate. Taxpayers and their advisors must carefully review the salary/ bonus / dividend mix that generates annual taxable income for each family member. For more profitable corporations, it might make sense to reduce taxable corporate income to stay bellow the federal Small Business Deduction (SBD) $500,000 by paying out a year-end bonus, which will be personally taxed as salary. If the corporation earns more than $50,000 in passive investment income, access to the SBD is affected. [2020] - Evelyn Jacks

I don’t recommend ever doubling your size. It is safer to increase size when you are going from three contracts to four or from ten to twelve. [2003] - Marcel Link

Save 10 to 15 percent of your pre-tax income. [2011] - David Chilton

A practical way to identify an ultra-processed product is to check to see if its list of ingredients contains either food substances never or rarely used in kitchens (such as high-fructose corn syrup, hydrogenated or interesterified oils, and hydrolysed proteins), or classes of additives designed to make the final product palatable or more appealing (such as flavours, flavour enhancers, colours, emulsifiers, emulsifying salts, sweeteners, thickeners, and anti-foaming, bulking, carbonating, foaming, gelling and glazing agents). [2020] - David Raubenheimer

Vying for a second date can be even harder than asking for the first, especially if the first was a set-up. What to do? Lead with something you learned about the person on the first date. Did she mention that she likes to swing dance? Then ask her to a dance club the gives free lessons. Does he like to bike ride? Then suggest going cycling together on a scenic local bike trail. [2004] - Bonnie Jacobson