Canada’s small business lobby is calling on provincial finance ministers to push the feds to delay new income sprinkling rules set to go into effect Jan. 1. As provincial ministers gather in Ottawa to meet with federal Finance Minister Bill Morneau, the Canadian Federation of Independent Business (CFIB) wants them to pass on the call […]
Small businesses are clearly underwhelmed by CRA. The Canadian Federation of Independent Business (CFIB) gives the agency a C-grade in its latest report card. The grade hasn’t improved since the federation’s last report card in 2015. Read: CRA’s 2018 maximum pensionable earnings and other numbers “In recent years, the CRA has made efforts to improve […]
CRA has expanded its liaison officer service for small businesses. Read: Small business sentiment improves in November Specifically, CRA now accepts requests from unincorporated small businesses for visits from liaison officers to answer tax questions. Previously, visits to businesses were initiated by CRA. Small business groups or associations may also request in-person seminars from CRA […]
Small business optimism improved in November, and for the second month in a row, led by increased confidence in Ontario, Alberta, P.E.I. and Newfoundland and Labrador. The latest Business Barometer from the Canadian Federation of Independent Business (CFIB) showed a gain of two points, up to 59.3 out of 100. “After a summer of discontent, […]
How business-owner clients can plan for Finance's proposed measures
Before Dec. 31, bring up these tax tips
The Ontario Securities Commission (OSC) has a new membership for its small and medium enterprises committee (SMEC). The SMEC advises OSC staff on matters related to SMEs, including the development of associated policies and practices. Read: Small biz braces for headwinds SMEC members also provide input on regulatory approaches to capital raising in the exempt […]
Small business owners’ outlook improved in October after declining for four straight months thanks to improved sentiment in the agriculture, resources and retails sectors, according to the monthly index from the Canadian Federation of Independent Business (CFIB). The organization’s Business Barometer is based on a national survey of 727 small business owners. The index moved […]
And what's unknown
Only about 3% of the ``most wealthy'' privately owned corporations will have to pay higher taxes