by Doug Stansbury | Dec 14, 2017 | Small Business
The proposed new rules for income sprinkling are set to take effect in just over two weeks. Yesterday, the federal government attempted to clarify under what situations these rules will apply. (See my previous blog on Tax Planning for Private Corporations) The...
by Doug Stansbury | Nov 17, 2017 | Business Incorporation, Retirement Planning
In this second post of the series, I will address another reason why you should incorporate your business; taking advantage of low corporate tax rates to significantly boost your retirement savings. Corporate taxes on business income below $500,000 are currently at...
by Doug Stansbury | Nov 1, 2017 | On Target - Blog
A couple of weeks ago, the Minister of Finance, Bill Morneau, made a series of announcements regarding the government’s plans to reform the taxation of private corporations. For those of us in the tax community that were hoping for some clarity so that we could get...
by Doug Stansbury | Sep 29, 2017 | On Target - Blog
Smoothing your Personal Income Tax Liability One of the things I do in my spare time is volunteer as a mentor for small business start-ups in a program run by the Small Business Enterprise Centre of the Hamilton Economic Development department. We cover a wide range...
by Doug Stansbury | Sep 21, 2017 | On Target - Blog
I often get asked by clients “why should I move my accounting to the cloud?” In most cases, these clients are quite happy restricting their bookkeeping activities to the office, and the last thing they want to hear is that they can send their customer an invoice...