New Tax Rules for Small Businesses in Canada (2018) Watch Video
Allan Madan, CPA, CA
Do you own an incorporated small business? Read More…
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.
ABOUT THE AUTHOR
ALLAN MADAN
CPA, CA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
These proposals are so ill advised, it boggles my mind. The investment income one is effective stealing by the government. I wrote to my MP (minister Sajjan). Didn’t hear back from his office.
Hi Olivier, I agree.
Admin,
This is for test
None of the changes to business taxes affect me. However, I recall lessons from recent reporting by CBC on Bronfman family financial maneuvers and wonder what CRA would do if all Canadians were to LOAN all their money to an off-shore trust at 0% interest. Then vacation as guests of the trust at the trust’s resort or on its yacht. Apparently tax avoidance is not tax evasion.
Of course CRA will go after the easy pickings. The small businesses which can’t lawyer up like big business or frightfully rich. There must be a smell of Limburger in Ottawa.
Hi Enzo, thank you for your feedback and comments. Like you said, CRA is going after small businesses, because they are easy to pick on.
Thanks For sharing I hope you will share more information in Future.
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thank-you for the information – do you have any updates based on the 2018 budget that was presented in Feb 2018
Hi Tara, I will be preparing a new video soon about the recent changes announced in the budget.