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.
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.