Budget 2023 infographic
Seeing is understanding. Federal budgets can be complex and challenging to comprehend. That’s why we created this infographic to help break it all down.
Seeing is understanding. Federal budgets can be complex and challenging to comprehend. That’s why we created this infographic to help break it all down.
Budget 2022 rolls out housing and climate-friendly incentives, tightens up tax loopholes and extends the small business deduction for medium-sized CCPCs.
Our handy infographic highlights some of the top business tax policies you might want to be aware of, followed by a quick roundup of additional tax updates from Budget 2021.
December 10, 2020 by Sameer Noormohamed
Indirect taxes are highly complex and often overlooked. Since they can be imposed by major tax jurisdictions at practically any stage of production and distribution, they must be managed and monitored vigilantly. If ignored or dismissed, they can result in exposure and exact a heavy toll on your company’s overall operations, cash flow and profitability.
February 25, 2020 by Mike Hayward
Our skilled U.S. tax practice strategically manages your personal and corporate taxation needs, no matter what side of the border you’re on.
Our latest infographic – geared towards the agricultural sector – takes a look at recent updates to the CCA rules and how farmers can take advantage and recoup money faster.
Some of our experts’ top takeaways from this election-year budget include:
October 25, 2018 by Craig Hoover
The Canadian Agricultural Partnership (CAP) launched on April 3, 2018. This five-year federal and provincial initiative is designed to strengthen agriculture, agri-food and other agri-based businesses across Canada. While some provinces are fine-tuning their agreements, CAP in Ontario has been implemented to provide funding in order to boost competitiveness, prosperity and sustainability within the agricultural sector.
June 21, 2018 by Liz Benoit
On Jan. 1, 2018, the Alberta Fair and Family-friendly Workplaces Act (also known as Bill 17) was passed into law.
From changes to passive investment income (that weren’t quite what was expected) to an absence of response to U.S. tax reform, here are some highlights from Budget 2018.
On Dec. 13, 2017, Finance Canada released Amendments to the Income Tax Act and Regulations and Explanatory Notes, simplifying measures to restrict income sprinkling. This infographic will focus on the changes to the July 18 proposals, exclusions, reasonableness test and a brief update on the status of the proposed measures related to passive investments.
Effective January 1, 2017, the income tax treatment of farm quota and other eligible capital property (ECP) underwent a complete overhaul.
October 25, 2017 by Julie Chrétien, Daniel Gauthier
The growth of digital technology has transformed and disrupted the world of business, introducing new possibilities along with an increase in cybercrime. Understanding the different threats that exist and building a robust IT infrastructure are essential to protecting your digital world.
October 18, 2017 by Thomas Blonde
There are several major planning items that need to be considered before and after incorporating a farm business. If you have consulted your Collins Barrow advisor and decided incorporation is right for you, gaining an up-to-date understanding of these issues is the best way to ensure your corporation is set up correctly. This infographic offers a refresher on the most important aspects of incorporation, helping your business devise the most optimal tax strategy.
April 24, 2017 by Brandon Gilbert
If you are a doctor or dentist who is considering incorporating, it is important to know when it’s appropriate to take this step. Could income-splitting, the tax deferral and the capital gains exemption have a positive effect on your savings? Not everyone is in a position to benefit from these opportunities, but if the examples outlined in this infographic apply to your practice, incorporating could be right for you.
No news is good news, as far as tax rates go, in the just-released Federal Budget. Other tax deductions and credits weren’t so lucky. Get the scoop on all the major Budget 2017 tax changes! View infographic.
February 8, 2017 by Mike Hayward, Todd King
In recent months, there have been rumblings that the streamlined program — a “friendly” system that helps U.S. taxpayers living abroad get caught up on their filing obligations — is coming to an end. If you are an American citizen or Green Card holder who hasn’t been filing American taxes, now is the ideal time to get caught up, as you may be running out of time to avoid harsh penalties.
If you do business or have branches in both Canada and the United States, there’s one big tax challenge that’s impossible to ignore: U.S. corporate tax rates are generally higher than Canadian rates.
U.S. Tax experts are closer than you think.
November 14, 2016 by Darlene Shaw
Canada Revenue Agency (CRA) has unexpectedly concluded that U.S. limited liability partnerships (LLPs) and limited liability limited partnerships (LLLPs) share more of a likeness with Canadian corporations than they do with Canadian partnerships. Thus, the tax implications for these entities have shifted and financial strategies for Canadian investors with a stake in such partnerships must change.