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
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
Most firms pay less taxes in Canada than comparable companies in the U.S.