How passive income rules factor in to the decision
New considerations for incorporated small business owners
Finance says Canadians who hold passive investments in private corporations get an unfair tax advantage. That view is problematic
The Coalition for Small Business Tax Fairness has written a new letter to Finance Minister Bill Morneau with professional analysis confirming that Ottawa’s tax proposals will affect middle-class business owners. Read: Drop tax proposals aimed at business, urges coalition “It is the farmers, mom-and-pop shops, and entrepreneurs, who invested everything into their businesses, that will […]
Any reasonable analysis must include a comparison between an incorporated professional and a career civil servant
The Hill Times explains why
Case study shows how your client might pay more tax
Expect a flurry of tax planning ahead
Put your accountant and lawyer clients on notice: the next few years are going to be extra painful.
It depends on where you’re based.