by Doug Stansbury | Nov 28, 2019 | On Target - Blog
Over the past few years, the Canada Revenue Agency (CRA) has increased its focus on combatting tax evasion through major improvements in data collection and analysis. With the implementation of the 2019 Federal budget, they now have the resources to do significantly...
by Doug Stansbury | Aug 2, 2018 | On Target - Blog, Small Business, Tax Planning
Most small business owners that I talk to are aware of the capital gains exemption for Small Business Corporations, but very few know the details of how it works and fewer still are actively planning to take advantage of it. When entrepreneurs are just starting out,...
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...
