Newsletters

Tax Alerts

Start your Income tax planning with the new rule as soon as possible.                   


Well here it is finally, a news letter to keep you informed .  Our first letter is, regrettably, regarding changes to business income tax laws that will see most of us scrambling to find ways to save our hard earned money from the clutches of our federal government's new harsh policy on taxation of small businesses.

Some have dubbed this as the "Death of Canadian Private Company Tax Planning" as the federal government is taking steps to eliminate all advantages of owning and operating a small business.

I have included the proposed changes below.  I am sure there will be many questions about what this means to you. I will keep you informed and will be holding information sessions in early September.


Getting a post-secondary education – or professional training – isn’t inexpensive. Tuition costs can range from as little as $5,000 per year for undergraduate studies to as much as $40,000 in tuition for a year of professional education. And those costs don’t factor in necessary expenditures on textbooks and other ancillary costs, to say nothing of general living expenses, like rent, transportation and food.


When the Canada Pension Plan was launched in the mid-1960s, both the working lives and the retirements of Canadians looked a lot different than they do in 2018. Fifty years ago, most Canadians were able to work at a single full-time job, often held that job for most or all of their working lives and, in many cases, benefitted from an employer sponsored defined benefit pension plan which guaranteed a certain level of income in retirement.


Most Canadians deal with our tax system only once a year, when preparing the annual tax return. And, while that return – the T1 Individual Income Tax Return – may be only four pages long, the information on those four pages is supported by 13 supplementary federal schedules, dealing with everything from the calculation of the tax-free gain on the sale of a principal residence to the determination of required Canada Pension Plan contributions by self-employed taxpayers.


Anyone who has ever tried to reduce their overall personal or household debt knows that doing so, no matter how disciplined one’s approach, can seem like a one step forward, two steps back proposition. It sometimes seems that, just as measurable progress is achieved in one area (an extra payment is made on the mortgage), unexpected costs in another area (a significant car repair bill) push up the level of debt elsewhere (e.g., credit card debt).


Two quarterly newsletters have been added—one dealing with personal issues, and one dealing with corporate issues.