President Trump's Tax Cuts and Jobs Act includes a number of measures that could result in tax increases for U.S. citizens living in Canada. Here is a brief overview …
Category: Personal Tax
As a shareholder of a private corporation, it is important to be aware of your options and any tax planning opportunities should you ever be in a position to …
Many people who receive dividends from a private company could see that income taxed at the top personal tax rate without the benefit of the personal tax credits.
We are pleased to share the attached 2018 Federal Budget Commentary. Some highlights include no change to tax rates as well as passive income proposals.
In this issue, topics include: Tax Ticklers, Income Sprinkling, Input Tax Credits, and more.
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 …
To promote compliance with Canada’s tax laws, the CRA implemented the VDP to encourage taxpayers to voluntarily correct omissions in their tax filings.
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.