In this issue, topics include: Tax Ticklers, Income Sprinkling, Input Tax Credits, and more.
Category: Business Tax
Today the Department of Finance released its much awaited simplified proposals with respect to the tax on split income (“TOSI”) rules which were originally released by Finance on July …
New legislative amendments have enabled the Quebec government to overhaul the existing small business deduction (“SBD”) eligibility requirements.
To promote compliance with Canada’s tax laws, the CRA implemented the VDP to encourage taxpayers to voluntarily correct omissions in their tax filings.
On July 18th the Department of Finance announced sweeping tax change proposals related to the taxation of private corporations.
In this issue, topics include: 2017 year-end tax planning and 2017 renumeration.
The Department of Finance announced its intention to lower the small business tax rate to 10%, effective January 1, 2018 and 9%, effective January 1, 2019.
In this issue, topics include: Business Loss or Personal Venture, Guaranteed Income Supplement, Charity Filing and Compliance Obligations, and more.
The CRA can deny paying a refund where a tax return is filed more than three years after the applicable tax year. This can result in tax consequences.
This article provides an insight into the Canadian and U.S. penalties associated with failing to maintain contemporaneous information.