Escaping the early winter? Be aware of the substantial presence test

Escaping the early winter? Be aware of potential US tax implications of the substantial presence test Substantial Presence Test It certainly feels like winter has hit us early this year in Alberta.  Calgary has received more snow in October in over a hundred years and...

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...