Blog
Although I am not obligated
as a fiduciary, I am acting as one.
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Read more: Will you lose your small business deduction?|
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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Read more: The Liberals are trying to create a panic|
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…
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Read more: Want to be a good Canadian?|
Want to be a good Canadian?
🇨🇦🇨🇦 Happy Canada Day! 🇨🇦🇨🇦 Want to be a good Canadian citizen? Take it upon yourself to understand how taxation works in this country. Understand also what they are doing with your money. I mean, are you getting anything for the multi-billion-dollar – or actually now, multi-trillion-dollar – debt that this government has run up…