Significant Changes to Small Business Owners

Earlier this week the Department of Finance released a consultation paper proposing new tax rules that target private businesses and how they accumulate capital and remunerate family members. These proposed changes are some of the most significant changes to the taxation of private businesses in dec...
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Navigating the Updated Anti-Avoidance Rule

Think twice before declaring a dividend to your holding company. New rules make it tougher to move cash from your operating company to your holding company. As you are aware, this step is often done to protect the cash from your operating company from creditors. While this step is still important, h...
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Is Your Business Income Still Eligible for the Small Business Rate?

Business owners have long enjoyed the small business rate in Canada. Accountants and lawyers, over the years, have developed clever plans to access and even multiply this benefit for their clients. It’s time to re-look at these types of plans to ensure your tax plans are adjusted to comply wit...
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