Key Takeaways:

5:00 - How business/salon owners are taxed 

8:00 - How to setup your taxes (dividend plan)

13:00 - Capture those that we are spending money on for tax deductions 

15:45 - Emergency Wage Assistance (Canada) + Emergency Business Account (Canada)

18:45 - PPP Loan 

21:25 - Putting our kids on payroll (deduction)

Quotes: 

19:15 - “If you are eligible for the PPP Loan, go out and get it and max it out.” (Bob)

25:30 - “There are compliant CPAs and there are creative CPAs.” (Jason)

Links Mentioned: 

Bob Gauvreau CPA Firm - https://gauvreaucpa.ca/