You can use a 0% capital gains inclusion rate, rather than the normal 50% rate when transfer qualified securities to your favorite charity, including a private foundation.
So, you have identified a business that you would like to acquire, but you are not sure which method you should use to do so, and how to best structure the deal to best avoid the tax man.
To cushion errors in contributions due to fluctuating RRSP room, an over-contribution limit of $2,000 is allowed without penalty, provided you are at least 18 in the preceding taxation year.
Canada may be the most expensive place in the world for money management. Fees matter more when the market is not performing well—and no investment product performs well all the time—so you can’t tie your value proposition to the whims of the markets.
Featuring Evelyn Jacks, Larry Frostiak and sponsor Cameron Peters of TaxCycle, Knowledge Bureau is proud to give you everything you need to know about corporate tax filing for micro businesses in this comprehensive one day workshop.