Jamie Golombek explains that the federal government’s evolving proposals to change corporate tax structures highlight RRSPs and TFSAs as smart strategies for business owners
Only 3% of the “most wealthy” privately owned corporations will have to pay higher taxes
Prime Minister Trudeau also says the government won't be changing the lifetime capital gains rule
The addition of a cut to the small business tax rate appears to be the political equivalent of a spoonful of sugar to make the reform medicine go down
The government should take a close look at the Joint Committee on Taxation’s comments on the proposed passive investment income proposal
The federal finance minister has acknowledged changes are needed to address some of the concerns raised
The Liberals' recent proposed tax changes for private corporations are part of a larger effort by the feds to eliminate opportunities for wealthier Canadians to split income and reduce taxes. The question is, does that make for good tax policy?
While entrepreneurs put a lot of time and energy into growing and expanding their business, too many don’t have a clearly defined exit strategy
The tax proposals for passive investments risk delivering a blow to the retirement planning of many small-business owners
CIBC tax experts Jamie Golombek and Debbie Pearl-Weinberg highlight some major actions that certain clients could consider taking in the near term