The federal government should consider whether to adopt incremental changes or to embrace more radical options
It’s important to be aware that the new rule limiting access to the small business deduction for CCPCs in 2019 is based on 2018 income
Ottawa has come under pressure to respond to a U.S. tax overhaul that’s expected to lure business investments south of the border
Ottawa’s decision to lower the small business tax rate in 2018, 2019 also means that the dividend tax rate will be rising; clients have a limited opportunity to pay out dividends at lower rates
The proposed change to the taxation of passive investment income arising from active business income retained inside a corporation is most concerning
With the release of the federal government’s proposed tax changes affecting private corporations, business-owner clients will need to take steps to mitigate the potential impact
Finance Canada releases paper that addresses the use of tax planning with private corporations
Better communications, help with returns are among the notable changes
The agreement, signed by 39 countries, forms part of an effort to boost tax transparency by multinational enterprises
If the U.S. wants to avoid more corporate tax inversions, it should implement a corporate tax policy similar to that of its northern neighbour