All items tagged with: Federal Government
Posted in: Strategic Thinking , Federal Government, tax deductions, tax education, Morneau, Fall Economic Update, media tax relief, tax incentives for media subscriptions, Canada free press, Canada news
Last week’s Fall Economic Statement featured updates to Canada’s economic outlook and corporate tax changes, specifically, the Capital Cost Allowance measures. However, the Finance Minister also proposed a controversial $595 million package to support Canada’s media sector, including tax breaks for those who subscribe to some online media outlets.
Posted in: Strategic Thinking , Tax Planning, Financial Literacy, Federal Government, knowledge bureau, financial education, tax reform, small business tax, tax proposals, Liberal government, Morneau, Minister of Finance, passive investment, Parliamentary Budget Office, PBO, corporate investment income, tax consultations, tax courses Evelyn Jacks
The tax take is much more significant than first thought. The Parliamentary Budget Officer (PBO) released a report on November 23, 2017, that suggests the revenue increase from proposed new taxes on passive income earned in a small business corporation will be as high as $6 Billion dollars annually by the time the full effects of the changes are implemented. This is much more than the initial $250 Million figure first suggested by the Department of Finance, and still only a best guess.
Posted in: Strategic Thinking , Tax Planning, Financial Literacy, Federal Government, knowledge bureau, Evelyn Jacks, tax courses, financial education, tax reform, small business tax, tax proposals, Liberal government, Morneau, Minister of Finance, passive investment, Parliamentary Budget Office, PBO, corporate investment income, tax consultations
Breaking news from Ottawa: The Parliamentary Budget Officer (PBO to follow-up on The Minister of Finance’s July 18 proposals, releasing a new report on November 23.
Posted in: Strategic Thinking , Federal Government, dividends, knowledge bureau, Evelyn Jacks, income tax, Small Business, distinguished advisor conference, income splitting, finance canada, financial education, entrepreneur, post-secondary education, CE summits, Canadian income tax, Morneau, gender inequality, gender issues, women and families, taxation of private corporations, feminism, income tax reform, tax planning strategy, gender statistics, income tax proposals, tax for stay-at-home parents
Finance Canada’s controversial proposals on the taxation of private corporations, which require comments on the changes by October 2, will potentially affect businesspeople of all income levels, from all walks of life, who serve and employ Canadians in their hometowns across Canada. However, they will also affect families and, in particular, women.
Posted in: Breaking News, Economic News, Strategic Thinking , Federal Government, taxation, knowledge bureau, Evelyn Jacks, income tax, tax services specialist, distinguished financial advisor, tax education, financial education, tax preparer, Introduction to Personal Tax Preparation, tax reform, post-secondary education, financial services jobs, Canadian income tax, tax Canada, history of tax, history of income tax, Tax Acts, Income Tax Acts, tax preparer course, tax preparer certification, tax career, tax jobs
The 100th anniversary of personal income tax is coming up on September 20! On that day in 1917, The Income War Tax Act received Royal Assent, heralding in the first personal income taxes in Canada. Perhaps it’s high time you tackled the challenge and mastered the tax return and all it’s nuances? It’s an investment that could really pay off for you.
Posted in: Strategic Thinking , Federal Government, Financial Advisor, taxation, knowledge bureau, Evelyn Jacks, income tax, tax evasion, Small Business, Canadian economy, financial education, tax preparer, tax reform, proprietorship, financial planner, wealth manager, proposed tax changes, tax regulation, tax regime, Canadian small business, private business, business owners, tax in Canada, standards of living
Accountants, bookkeepers, financial advisors and business leaders are joining the chorus of dissent against Ottawa’s proposed tax changes affecting private corporations, warning of dire consequences to the Canadian economy if implemented, a Knowledge Bureau survey finds.