Webinar: Tax Changes for 2019 Small Business Corporations in Canada

Allan Madan, CA
 Feb 27, 2019
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2019 Small Business Changes Canada
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This webinar will focus on the proposed changes to small business taxation by the Liberal Government and how they will impact you.

The following subjects will be discussed:

  1. New income splitting rules for corporations
  2. Lifetime Capital Gains Exemption
  3. New CCA rates for 2019 – accelerated write-offs
  4. New Investment Income Rules and Small Business Deduction
  5. Specified Corporate Income – how it impacts you
  6. Changes to Refundable Dividend Tax on Hand (RDTOH)
  7. Increase in Payroll Taxes
  8. New Corporate Tax Rates by Province

 

Disclaimer

The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

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Comments 2

  1. Dear Allan, thanks for the informative video, we know(correct me if wrong!) that the good will occurs when a person or corporation buys another corporation, where the difference between the paid price is higher than the value of the assets of the purchased company, from my research I have found that the goodwill was not allowed to be depreciated before(only a sort of impairment should be conducted annually) and now you have said that the we can depreciate it according to the new CCA by 7.5% for the first year and 5% for later, please advise for the history of the goodwill why it was not allowed to be depreciated and now it is allowed to be depreciated.
    thanks

    1. Hi DIAB,

      Purchased goodwill (class 14.1) can be depreciated. Goodwill for tax purposes can arise when the assets of a business are purchased for more than their market value. A share purchase does not result in Goodwill for tax purposes.

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