Blog
Although I am not obligated
as a fiduciary, I am acting as one.
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The Liberals are not just incompetent
If you think the Liberals are simply incompetent, you are mistaken. There is a good degree of that, but this country is in a pronounced decline because of policies taken by this government – in an intentional fashion. It is all about taking property (in the form of #taxes) from the entrepreneurial, private and professional…
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Will you lose your small business deduction?
The new, higher capital gains inclusion rate is a gut punch to professionals: doctors, dentists, lawyers, vets, accountants, and countless others – who were using their professional corp to save. If you are triggering capital gains inside your corporation, and the new capital gains inclusion rate is 2/3rds and not ½, you have reduced the…
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The Liberals are trying to create a panic
Traditionally, when a budget document is introduced, the effective date is before the budget, so people can’t do planning in advance of the budget. Not so with the increase to the capital gains inclusion rate. The effective date is after the budget. June 25, specifically. The Liberals are doing this to generate a panic of…