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NEW: EFFECTIVE JUNE 13, 2019 COMPANIES MUST MAINTAIN A REGISTER OF INDIVIDUALS WITH “SIGNIFICANT CONTROL” OF THE CORPORATION

New laws have come into force effective June 13, 2019 which require for all federally incorporated companies in Canada to maintain a register disclosing the list of individuals who exercise significant control over the corporation.     Similar regulations are in the final stages of being drafted in most provinces for […]

BC Health Tax – What You Need to Know

Employer Health Tax – EHT Effective January 1, 2019 – The Ministry of Finance has seen through the implementation of a new annual employer health tax for qualifying companies on B.C. payroll remuneration. The employer health tax marks a new era for B.C. and is part of a series of […]

Divorce: an income splitting tool?

Sham marriages exist.  People enter into them for a variety of reasons, including citizenship, financial security, colouring public opinion (for example, politicians) and religious reasons. But are there also reasons to undertake a “sham divorce”? There may soon be for private business owners, based on the Canadian government’s newly proposed […]