Growing Your Business

THE IMPORTANCE OF NETWORKING & PERSONAL RELATIONSHIPS I thought I would take a break from writing about tax and accounting issues, and use this opportunity to talk about growing your business.  Most of us who run small to medium sized businesses are always looking...

Income Sprinkling Measures Refined

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...

Tax Planning For Private Corporations

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...

Shoud I Incorporate My Business? Post #1

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...