Ontario and New Brunswick chose not to mirror the new small-business deduction rules, but clients outside those provinces need to plan for clawback
A unit of the Canada Revenue Agency is devoted to studying and closing the difference between taxes paid and taxes owed
Immediate financing arrangements allow wealthy clients to preserve cash in a tax-advantaged way
Help clients understand how previously announced tax changes could come to light
Businesses should act now on draft legislation that proposed a $200,000 annual limit for certain companies
There’s little clarity on how the Liberals would deal with a recession
Some are optimistic a minority government will spur collaboration, while others worry about growing western alienation
Paying RRSP, TFSA investment fees from outside the accounts not an advantage
The department acknowledges there often isn't a tax motivation when doing so
Currently, multinationals pay most of their tax in the country they are based