Tag: blogs
Liberal Government Tax Proposals – Tax Planning Using Private Corporations
Summary – The Facts Income splitting as we currently know it, using dividends, is dead. There will be no income splitting with any family members unless they provide services to the business or in a few other very exceptional circumstances. If they provide services to the business, the amount that […]
FEDERAL BUDGET 2017
The 2017 Federal Budget was brought down this afternoon by the Liberal Government. There were a few specific tax measures included in the budget and the government gave notice that they are looking at some significant changes intended to shut down tax planning structures which benefit “wealthy” Canadians. SPECIFIC TAX […]
HOUSING MARKET TAX RULES TIGHTENED UP
October 4, 2016 On October 3, 2016 Bill Morneau, the federal Minister of Finance, announced some changes in the way principal residences are taxed. These changes are not likely to have any significant impact on any of our clients; however, I am pleased to see the federal government finally take […]
