New Rules for Inter-Corporate Dividends December 2016

Recently enacted changes to Canada’s Income Tax Act (the “Act”) have important implications to recipients of intercorporate dividends. The new provisions will increase the risk that all or part of what would otherwise be a tax-free intercorporate dividend will be converted into a taxable capital gain to the corporation receiving the dividend. Dividends paid to […]

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Year End Tax Planning

Business Report Year End Tax Planning November 2016 As we approach the end of the year, it is time to consider some tax planning opportunities that may be available to you for 2016. We have provided you with a few items that may be applicable in your certain circumstance. Keep in mind that the planning […]

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2016 Federal Budget Commentary

Theme: Economic growth, Job creation, Strong middle class When the new government said last year that it would return Canada to deficits, few expected the numbers to jump to nearly $30 billion this year and next and add $100 billion in debt over the next five years. But lower-than-expected revenues have forced the government’s hand, […]

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2016 B.C. Budget Overview

The B.C. Government released its Provincial Budget on Tuesday, February 16, 2016. Minister of Finance Michael de Jong projected a surplus of $ 377 million in the 2015/2016 fiscal year, followed by surpluses of $ 264 million in 2016/2017, $ 287 million in 2017/2018, and $ 373 million in 2018/2019. The following is a summary […]

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Goods & Services Tax Tips October 2015

As fall arrives and the rain must come after a hot dry summer, we thought it would be a good time to give you some tips related to the Goods & Services Tax (“GST”). Recent GST Audit Activity Many of our clients are being asked by Canada Revenue Agency (“CRA”) to provide documents to support […]

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