The CRA has introduced a number of tools to reduce the tax burden placed on small businesses, says the Honourable Gail Shea, minister of national revenue. “By offering improved services, we’re aiming to reduce the red tape faced by small businesses and Canadian entrepreneurs,” he said. Read: Tax tips for business owners To keep businesses […]
The IRS says it will go after deliberate tax evaders overseas.
U.S. taxes are set to go up next year—and may become even higher than ours.
An Ontario business owner has been convicted of tax evasion.
Canadians affected by devastating weather events—such as forest fires, tornadoes, floods, landslides and hurricanes—have only one thing on their minds: rebuilding their lives. For this reason, the CRA reminds taxpayers (and their advisors) that they can apply for relief if unable to make payments. “Weather events can prevent Canadians from meeting their tax obligations,” she […]
The world’s wealthy have shielded at least $21 trillion from taxes in more than 80 offshore jurisdictions, says the Tax Justice Network.
Why business owners should pay themselves with dividends, not salary
The capital gains exemption is one of the most valuable tax incentives provided to shareholders of private corporations in Canada
In 2010, the U.S. Congress promised it would make major changes, effective 2012. Halfway through that year, Congress – and the Federal agencies it oversees – has kept its promise.
I recently found out one of the largest advisory teams in the country isn’t offering mutual fund corporation structures, or corporate-class funds, to clients. Even though these structures are more tax-efficient, these advisors simply sell investments without considering tax planning.