Federal Government Tax 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 16th, 2017, ….
Business in Motion forum tackles tough issue of staffing shortage Staffing shortages have become an issue for sectors ranging from Tourism to Manufacturing. The South Georgian Bay Regional Labour Supply Task Force has identified seven leading causes of this issue. The next Business in Motion Forum on October 19 will focus on discussing two particular ….
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. _______________________________________________________________________ Recap of Part 1: Passive Investment The proposed tax changes will affect ….
Last week, we reported on how the Department of Finance’s draft legislation proposes to change the process of Income Splitting. Today, in Part 3 of our 4-Part series, we’ll look at how the legislation would affect the Enhanced Capital Gains Deduction. Third Area of Concern: The Enhanced Capital Gains Deduction (“ECGD”). The ECGD allows business ….
Yesterday, we took a look at how the draft legislation recently released by the Department of Finance would affect taxation of passive investments. Today, in Part 2 of our 4-Part series, we’ll be focusing on the second area of concern: Income splitting (also referred to as income sprinkling). Second Area of Concern: Income Splitting Currently, ….
There has been a lot of buzz in the media lately about the draft legislation released by the Department of Finance on July 18, 2017. It’s our belief that if this legislation is passed in its current state, it will significantly impact the taxation of owner-managed businesses and their family members – a demographic that ….
David Posner, Partner and Charles Wagner of Wagner Sidlofsky LLP discuss joint accounts where a foreign based deceased who has Canadian assets holds an Ontario account in joint tenancy. Mediation is mandatory in any Estate litigation commenced in the city of Toronto, Ottawa or in the county of Essex. Motivation to settle is often fueled ….
On September 13th, 2017, to celebrate Nexia Day, and the enduring relationships we’ve built within our ethnically diverse global community, we invited Zeifmans alumni to visit our office in Toronto, Canada, for a fun day of games, networking, and education. As a member of Nexia International, Zeifmans is part of a global network of accounting, ….
The right structure to achieve your real estate investment goals Investing in real estate can be a sound business move, especially for those looking to diversify their holdings or optimize cash flow. With property prices steadily on the rise in Canada, coupled with low interest rates, many Canadians are setting their sights on real estate ….
Many entrepreneurs and business owners avoid succession planning because they think of it as something that will happen far off in the future, or as an indication of the end of their businesses – or even their lives. Succession planning is less about deciding what to do with the business once you are no longer ….