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Business advisory services Audit and accounting Private enterprise Tax advisory
Will the federal government lower corporate tax rates?
If you did not associate the buzz words “competitive advantage” with the federal government and tax policy before, it is hard to ignore now.
Feb 28, 2019
Business advisory services Audit and accounting Private enterprise Tax advisory
Surplus stripping: Will it survive the budget?
The Department of Finance’s stance on the conversion of dividends into capital gains is well-known. On July 18, 2017, it released “Tax Planning Using Private Corporations..."
Feb 21, 2019
Business advisory services Audit and accounting Private enterprise
Planning for IRC 951A - No reprieve for the GILTI
This article will provide an overview of the GILTI (Global Intangible Low-Taxed Income) rules and their implications, as well as exploring planning options that should be considered by those subject to the rules.
Todd King Feb 13, 2019
Business advisory services Audit and accounting Private enterprise Tax advisory
Family trusts: the aftermath
The last 24 months have seen a deluge of tax announcements from Ottawa with adverse impacts on private family businesses and corresponding family members. Announcements were implemented, modified and shelved, so taxpayers and advisors are still coping with the changes. Many taxpayers are understandably confused about which planning strategies remain available.
Jan 29, 2019
Business advisory services Audit and accounting Public markets Indirect tax Tax advisory
The evolution of GST/HST and orthodontists
Orthodontists have faced difficulties in complying with the Goods and Services Tax (GST) since it was introduced on January 1, 1991.
Dec 28, 2018
Business advisory services Audit and accounting Private enterprise Cross border and international Indirect tax Tax advisory
Are you selling to U.S. customers? What the Wayfair decision means to Canadian Companies
The recent ruling of the Supreme Court of the United States in <em>South Dakota v. Wayfair, Inc.,</em> while receiving little coverage here in Canada, may have a substantial impact on how Canadian companies do business in the United States. In what may be a game changer for online retailers, the ruling has opened the door for individual states to enforce sales tax collection on sales <em>shipped</em> into their state, even where the seller has no physical presence.
Darlene Shaw Dec 20, 2018
Business advisory services Audit and accounting Private enterprise Indirect tax Tax advisory
Breaking down changes to the small business deduction
In Canada, corporations may claim a small business deduction (SBD) on their corporate tax returns, effectively reducing the corporate tax rate on the first $500,000 of taxable income from active business income (ABI). ABI does not include aggregate investment income.
Dec 12, 2018
Business advisory services Tax advisory
Infographic: New funding opportunities
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.
Craig Hoover Oct 25, 2018
Business advisory services Transaction services Valuations Audit and accounting Private enterprise Indirect tax Tax advisory
Farm corporations: you don’t need to “go all in”
Accountants regularly advise of the tax and accounting benefits available to corporations. But there remain some producers who are reluctant to take the next step and incorporate their farm operations. With some recent harvest reports of higher than average yields, it is time once again to look at the pros and cons of incorporating.
Sep 21, 2018
Business advisory services Transaction services Valuations Audit and accounting Private enterprise Indirect tax Tax advisory
Business valuations 101 – Redundant assets: to be, or not to be?
There are numerous components that go into valuing the assets of an active business. In simplified terms, those components can be characterized as the value of normalized discretionary cash flow plus redundant assets. In this article, we will be discussing two of the more common redundant assets that business owners frequently do not realize exist within their organization.
Chris Russell Jul 11, 2018
Business advisory services Audit and accounting Private enterprise Tax advisory
Managing adjusted aggregate investment income
As outlined in the March Tax Alert, the 2018 Budget includes a measure designed to slow the accumulation of passive investments within active corporations. This measure is based on a calculation that considers both the amount and the type of investment income earned in a corporation. Understanding this calculation will guide an investor in developing a tax-efficient investment strategy going forward.
Scott Dupuis Jun 28, 2018
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