Canada Pension Plan Enhancement – How will it impact you?

Canada Pension Plan Enhancement – How will it impact you? As a business owner or self-employed individual, the new Canada Pension Plan Enhancement that starts to be phased in in 2019 will have some impact on you, both in the costs you pay now and the benefits...

2019 Automobile Allowance Rates

Happy New Year! Although there are probably more exciting things to celebrate for New Years, one item we anticipate each year are the rates posted by the Department of Finance for the allowable automobile allowance rates. These rates are the tax-exempt allowances that...

Budget 2018: GST and Other Tax Changes

On February 27, 2018 the Honourable Bill Morneau, Minister of Finance, presented the 2018 Federal Budget, Equality + Growth: A Strong Middle Class, to the House of Commons. The Government’s fiscal position includes a projected deficit in 2017-2018 of $19.4 billion,...

Budget 2018: Corporate Income Tax Changes

On February 27, 2018 the Honourable Bill Morneau, Minister of Finance, presented the 2018 Federal Budget, Equality + Growth: A Strong Middle Class, to the House of Commons. The Government’s fiscal position includes a projected deficit in 2017-2018 of $19.4 billion,...
Budget 2018: Personal Income Tax Changes

Budget 2018: Personal Income Tax Changes

On February 27, 2018 the Honourable Bill Morneau, Minister of Finance, presented the 2018 Federal Budget, Equality + Growth: A Strong Middle Class, to the House of Commons.   The Government’s fiscal position includes a projected deficit in 2017-2018 of $19.4...

2017 Q4 Tax Update: Income Sprinkling Rule Changes

In the recent (Dec. 13, 2017) release from the Department of Finance, we now have some additional information on how the income sprinkling rules will impact small business owners and their families. Family members who are caught by the new income sprinkling rules will...