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Changes to Liberal Tax Proposals

As you are probably aware, on October 16 and 18 of 2017, the Liberal Government (“the Liberals”) bowed to the pressure exerted on them by small business owners, professionals and entrepreneurs. As a result, they have “stepped back” from some of the four major changes in tax policy they had […]

Liberal Government Tax Proposal Changes

As many of you are aware, the Liberal Government has bowed under the pressure from entrepreneurs and professionals to reduce the nature and extent of their attack on small/medium sized businesses and professionals.   Of significant note is their statement that they will back down on their plan to eliminate […]

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 […]