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2018 Federal Budget Commentary

Income taxes and capital gains rates unchanged in 2018 Federal Budget Finance Minister Bill Morneau released his 2018 federal budget (the “Budget”) on February 27, 2018 (the “Budget Date”). The Budget forecasts a deficit of $18.1 billion, which is improved from the fall economic statement estimate of $18.6 billion. Canada’s current net debt to ...

How will my business be affected by the new taxation of owner-managed business? Update: Federal Government Tax changes announced October 16, 2017

Federal Government New Taxation Changes Announced October 16th, 2017 In our recent 4-part series, we took an in-depth look at how the Department of Finance’s proposed legislative changes could affect Canadian business owners. In particular, we discussed how the new taxation could influence Passive Investments, Income Splitting, the ECGD, and Capital Gains. On October ...

How will my business be affected by the new taxation of owner-managed business? Part 4: The conversion of income into capital gains

In the previous three parts of our series, we looked at several ways in which the Department of Finance’s proposed legislation could negatively affect Canadian business owners. In particular, we examined the proposed changes to Passive Investment, Income Splitting, and the ECGD. Today we will explore, converting income into capital gains. _______________________________________________________________________ Recap of ...

Highlights of the proposed Trump Tax Plan

President Donald Trump has released a brief document outlining what his administration is calling “the biggest tax cut in U.S. history”. Canadians should not assume the proposed Trump Tax Plan outlined below will become law. There is no “Budget Night” equivalent in the U.S.  A description of the legislative hurdles facing the president will ...

2017 Federal Budget Commentary

March 22 marked the release of the 2017 federal budget (Budget) of the Justin Trudeau Liberal Government. The Budget was clearly impacted by the shift in policies of the recently elected US President and his administration. Accordingly, the Budget adopted a very cautious approach to revenue generation and new spending initiatives, as it is ...

Zeifmans Sponsors 2017 LandPro Conference

On March 7th, 2017, 600 land professional delegates attended the 2017 LandPro Conference at the Paramount Conference Centre in Woodbridge, Ontario. Zeifmans LLP was a platinum sponsor and hosted a booth at the conference. Ahmad Aslam, Partner at Zeifmans introduced key note speaker, Benjamin Tal, Deputy Chief Economist at CIBC. To view photos of ...