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The government’s 2018 federal budget focuses on a number of tax tightening measures for business owners. It introduces a new regime for holding passive investments inside a Canadian Controlled Private Corporation (CCPC). (Previously proposed in July 2017.)
http://lifeone.ca/wp-content/uploads/2018/02/BC_Budget_2018-Bikramjit-Singh-1.png 792 612 Life One http://lifeone.ca/wp-content/uploads/2021/11/lifeoneLogo3-300x67.png Life One2018-02-22 22:00:002018-02-22 22:11:41BC Budget Highlights 2018
BC Finance Minister Carole James delivered the province's 2018 budget update on February 20, 2018. The budget anticipates a surplus of $219 million for the current year, $281 million for 2019 and $284 million in 2020.
http://lifeone.ca/wp-content/uploads/2017/09/2017_Proposed_Small_Business_Tax_Changes-Bikramjit-Singh.png 792 612 Life One http://lifeone.ca/wp-content/uploads/2021/11/lifeoneLogo3-300x67.png Life One2017-09-18 22:24:252017-09-19 23:18:07A Summary of Proposed Tax Changes in 2017
The month of July saw a set of proposed tax changes announced by the Federal Minister of Canada which are potentially the most impactful and significant amendments since the large-scale tax reform of 1972.
http://lifeone.ca/wp-content/uploads/2021/11/lifeoneLogo3-300x67.png 0 0 Life One http://lifeone.ca/wp-content/uploads/2021/11/lifeoneLogo3-300x67.png Life One2016-09-09 20:41:192016-10-20 20:51:19Accessing Corporate Earnings
One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way. There are 5 standard methods: Salary Dividend Shareholder Loans Transfer Personal Assets Income Splitting There are also unique ways utilizing life insurance and critical illness insurance to access your retained earnings. Please contact us to learn how we can get more money in your pocket than in the government's.