In 2018, the Federal Government introduced several tax changes affecting small businesses and small business owners. One of these changes was a change to the system for RDTOH for …
Category: Small Business
There is the point in the life of a growing business when hiring a competent financial controller starts to make sense.
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.
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.
Review engagement reports for fiscal periods ending on or after December 14, 2017 will contain added information compared to previous reports.
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.
On July 18, 2017, Minister Morneau introduced draft legislation that proposes to change taxation on payments to shareholders of private companies.