December 22, 2012 09:00 ET
TORONTO, ONTARIO--(Marketwire - Dec. 22, 2012) - BMO Bank of Montreal encourages Canadian small business owners to be proactive and make use of a few simple year-end tax tips and strategies that can be beneficial come tax time.
"This year, businesses owners have shown a remarkable resiliency and moved forward with plans to invest and grow their business, and many small business owners we talk to are confident about their ability to finish out 2012 on solid ground," said Steve Murphy, Senior Vice President Commercial Banking, BMO Bank of Montreal. "Before the holiday rush, now is a good time to do a quick financial check-up with a small business specialist and your accountant to consider some straightforward tips and strategies to help minimize the amount of 2012 income tax payable."
For small business owners in Canada (most commonly a sole proprietorship or partnership), there are a number of year-end strategies that can be applied to reduce the amount of income tax payable, including:
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $525 billion as at October 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Media Contacts:Paul Cunliffe, Toronto(416) firstname.lastname@example.orgValerie Doucet, Montreal(514) email@example.comLaurie Grant, Vancouver(604) firstname.lastname@example.orgInternet: www.bmo.comTwitter: @BMOmedia
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