by Marlin Lucuk | Jun 9, 2025 | Corporate, Tax Planning
If you’re a business owner in Grande Prairie, understanding shareholder loans can be a key part of smart tax planning. When used correctly, shareholder loans can be a flexible financial tool for tax planning. However, if they are misused, they can trigger penalties... 
by Marlin Lucuk | Sep 15, 2024 | Corporate, Tax Planning
Optimize your capital gains and losses by using a Capital Dividend Account (CDA) to distribute tax-free dividends and keep more of your hard-earned money. When used appropriately, even small businesses here in Grande Prairie can significantly reduce their tax burden... 
by Marlin Lucuk | Nov 8, 2024 | Corporate, Tax Planning
Every expense affects multiple areas of your business finances.Understanding how much of each expense is tax deductible allows business owners to be strategic in their spending. This not only helps save money at tax time from hosting holiday and company events, but can... 
by Marlin Lucuk | Dec 17, 2024 | Corporate, Saving, Tax Planning
The team here at McNabb Lucuk LLP in Grande Prairie believe that the backbone of any successful Canadian small business is a solid financial plan. In this blog, we explore some of the many sides of financial planning when it comes to your business. A financial plan is... 
by Marlin Lucuk | Jan 14, 2025 | Tax Planning
In 2025, the Federal Government is implementing new tax changes in Canada that will impact individuals and business owners. In this months’ blog, the team here at McNabb Lucuk LLP highlights key changes to give our readers in Grande Prairie, and across Alberta, a brief... 
by Marlin Lucuk | Feb 12, 2025 | Tax Planning
The Canada Revenue Agency (CRA) introduced new reporting requirements for declaring income and assets held in trust, which came into effect for the 2024 tax year. This blog explores the new trust requirements and how they affect our local Grande Prairie Business...