The Department of Finance today announced its intention to lower the small business tax rate to 10%, effective January 1, 2018 and 9%, effective January 1, 2019. Included in …
Category: Personal Tax
Kenway Mack Slusarchuk Stewart LLP Chartered Professional Accountants, Chartered Accountants is pleased to provide the following income tax commentary. This commentary does not originate from our office. Our subscription …
Until recently, the CRA did not require a taxpayer to report the sale of their principal residence on their income tax return.
In this issue, topics include: Tax for Private Corporations, Employee Discounts on Merchandise, Death Benefits, Retirement Income Calculator and more.
On July 18, 2017, Minister Morneau introduced draft legislation that proposes to change taxation on payments to shareholders of private companies.
Minister Morneau and the Department of Finance on July 18, 2017 introduced draft legislation that proposes to change taxation rules on the conversion of income to capital gains.
The draft legislation introduced on July 18, 2017, is proposing measures to limit the ability to claim the lifetime capital gains exemption on dispositions.
As part of the draft legislation introduced on July 18, the Department of Finance is proposing two methods for changing taxation on passive corporate income.
Using an investment tool like a TFSA can help you invest for the future and save tax. In this article we look at the advantages and disadvantages of a …
Minister Morneau announces the launch of consultations on tax planning using private corps. Read the update here for how it could impact you.