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
The proposed change to the taxation of passive investment income arising from active business income retained inside a corporation is most concerning
STEP Canada, Advocis, CALU, CLHIA and others suggest the proposals are problematic and could have harmful consequences
Applications are due by June 30
There’s much speculation as to what the feds may do with some tax-planning strategies involving the use of private corporations — and how it may impact certain clients
The government aims to help small businesses invest and create jobs
A new report from BMO Wealth Management finds that the vast majority of small business owners have less than $100,000 put away for their retirement
RBC’s highest share of the domestic SME market is down from 2000, whereas Scotiabank, which is a close second, saw its market share rise dramatically in that time