The Federal Budget of March 22, 2017 proposed to eliminate the ability for designated professionals (i.e., lawyer, dentists, lawyers, medical doctors, veterinarians…

Further to our earlier news releases this week, Federal Finance Minister Bill Morneau announced today that the Government will not be moving forward with measures relating to the conversion of income into capital gains. This significant reversal of what…

Further to our news release on October 16, 2017, the Federal Liberal Government has made their second announcement this week regarding the tax proposals specifically regarding passive investment income.

On July 18, 2017 the Liberal government proposed significant tax changes to small businesses and indicated they would consult with the public about these changes until October 2, 2017.  During the consultation period, we made multiple submissions of which…

On July 18th, our Canadian Department of Finance released their paper, Tax Planning Using Private Corporations, wherein it introduced a series of proposed tax reforms that will significantly, and negatively, impact the operation of small businesses in Canada, the…

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…

  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…

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…

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