Nitty-gritty details on Finance's second new rule for passive investment income
It’s what small business owners have been waiting for ever since the federal government released its July proposals: clarity on how passive income will be treated. While tax experts say the new rules are clearer and simpler, there are disadvantages. The Canadian Federation of Independent Business points out in a release that some businesses will […]
Business owners are awaiting tomorrow’s federal budget with bated breath. That’s because nearly two-thirds of small business owners say the government’s proposed tax changes have caused them to rethink whether to continue being in business, finds a survey from the Canadian Federation of Independent Business (CFIB). Read: Problems with Finance’s passive investing proposals Specifically, surveyed […]
Find out how income sprinkling measures apply to inherited property
Ahead of next week’s federal budget, the Canadian Federation of Independent Business (CFIB) is highlighting policy-induced labour costs for Canadians businesses. Read: Experts urge Morneau to proceed with caution in 2018 budget In particular, Canada Pension Plan (CPP) increases will have a greater impact on jobs than the federal government projects, argues CFIB in an […]
A record-breaking 88% of Canadian CEOs are optimistic about their companies’ prospects for revenue growth, and 72% believe global economic growth will improve over the next 12 months, finds PwC’s CEO survey. Despite NAFTA concerns, 88% of Canadian CEOs say they still consider the U.S. a top choice for growth, followed by China (53%), the […]
A recent case offers lessons for claiming employee expenses
But act fast if clients suit this strategy
There are now bright-line tests to determine who's exempt from TOSI
Canadian business owners have their heads in the sand when it comes to NAFTA, finds a BDO Canada poll. Read: Small business sentiment improves in November Two-thirds (66%) of poll respondents admit to having no plan for a failed NAFTA renegotiation. Yet, 86% believe President Donald Trump will exit NAFTA or attempt to negotiate unfairly […]