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,...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...
Tax Planning for Small Business
Tax planning is an important process that helps each small business owner find various ways to save on their taxes and reduce overall expenses. Plus, tax planning will help them find a convenient and better way to conduct business and manage personal transactions for...