23 Aug 2018

IMPACT TO THE SMALL BUSINESS DEDUCTION COMING IN 2019 Upcoming rate changes for Corporations will start for yearends after December 31, 2018.  According to Bill C-74, impact the tax on passive income there will be two main changes. The first change will be the reduction of the Small Business Deduction (SBD).   For every dollar of […]

28 Jul 2017

On July 18, 2017, Canada’s Minister of Finance released a consultation paper and draft legislative proposals that target the use of private corporations to sprinkle income among family members, hold passive investments and strip surplus by converting corporate surplus into capital gains. In the government’s view, such tax planning strategies provide tax advantages that unfairly […]