Tag: Tax

Updated Proposed Rules on Income Sprinkling

Date: December 15th, 2017

On December 13, 2017, the Government released its updated proposed rules on Income Sprinkling (also known as Income Splitting).  These rules were first proposed on ...

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CM_InsightsDEC2017

2017 Winter Tax Planning Newsletter

Date: December 7th, 2017

Welcome to our 2017 tax planning issue, full of topics and opportunities that we believe you should consider as we reach the end of 2017 ...

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ski condo

Real Estate Investment in Canada: Setting Roots for a Fruitful Stay

Date: March 13th, 2017

Planting roots in a new country is both exciting and worrisome.  Many of us have contemplated owning foreign property that earns while we aren’t staying ...

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construction, carbon tax

Carbon Tax in Construction – What You Need to Know

Date: December 9th, 2016

All Canadian provinces are mandated by the federal government to implement a provincial carbon tax by 2018. This article will discuss how provincial taxes; including ...

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Inventory Costing

Inventory Costing and How it Impacts Your Financial Statements

Date: December 6th, 2016

The Accounting standards for inventory is 10 pages in both Accounting Standards for Private Enterprises (ASPE) and International Financial Reporting Standards (IFRS). If we compare ...

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Federal Budget

Canada’s Finance Ministers Agree to Strengthen CPP

Date: June 22nd, 2016

On June 20th, Bill Morneau, Minister of Finance, released a statement at the conclusion of the day’s meeting of federal, provincial and territorial Finance Ministers, ...

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families

New Tax Measures For Families

Date: June 1st, 2016

One of the major themes of this year’s Federal Budget was the “Strengthening of the Middle Class.” Along with tax rate cuts for the second ...

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business sale

New Developments May Affect Your Business Sale

Date: June 1st, 2016

The 2016 Federal Budget released in March contained proposed changes that may impact selling your business in the near future. The proposed changes relate to ...

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small business deduction

Restricting Multiple Small Business Deductions

Date: June 1st, 2016

The Small Business Deduction (“SBD”) is a mainstay in the Canadian taxation of small-to-medium sized Canadian-controlled private corporations’ (“CCPC”) business profits. The SBD reduces a ...

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Federal Budget

2016 Canadian Federal Budget Highlights

Date: March 23rd, 2016

Finance Minister Bill Morneau delivered the 2016 Federal Budget on March 22, 2016.  The Crowe MacKay Tax Team has summarized the highlights here. For further ...

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