LET YOUR VOICE BE HEARD The Federal Government has proposed a series of tax reforms designed to target individuals they perceive to be avoiding their share of income taxes through private corporations. These tax reforms would have a…
Read more >The Canada Revenue Agency has announced that businesses can now remit a variety of taxes and payments owed to it at Canada Post outlets across Canada. The items that can be paid include individual tax, benefits and credits…
Read more >Sobering Proposed Tax Changes On July 18, 2017, the Federal government released its consultation paper on proposed tax changes for their perceived abuses of the tax system by private corporations. The proposals are sobering in that we have not…
Read more >In this Globe and Mail interview, Frank provides insight on how you have to prepare your business for sale much earlier than a possible sale date. Read The Article
Read more >Budget 2017, released on March 22, proposes to eliminate the ability for designated professionals to elect to use billed-basis accounting; that is, the ability of taxpayers to defer tax by permitting the costs associated with WIP to be expensed…
Read more >Approximately 15 years ago, a change took place in the ability of Ontario’s doctors to manage their income. For the first time, they were allowed to incorporate. This was significant because it fundamentally changed the relationship between doctors and…
Read more >Finance Minister Charles Sousa tabled the Ontario Budget on April 27, 2017. The deficit for the 2016-17 fiscal year is projected to be $1.5 billion, with a balanced budget projected for 2017-18, 2018-19 and 2019-20. The Budget does not…
Read more >Tax Free Savings Accounts (TFSAs) and Registered Educational Savings Plans (RESPs) are investment drivers that many young families with newborns or young children are eager to take advantage of. The TFSA allows anyone over the age of eighteen and…
Read more >In Budget 2017, the federal government proposed to substantially change the landscape for reporting income by professionals like lawyers, doctors and accountants. If you are one of these professionals then read on to find out more about the changes…
Read more >Today, the Federal Government has released their 2017-18 Budget, projecting for Canadians a sense of what we can expect in the coming year – a cautious approach to increased efficiencies, closed tax loopholes, and a steady deficit. From the…
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