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Dangers of commingling business and personal assets

Dangers of commingling business and personal assets

I receive requests from organizations from time to time to present to a group of business owners and/or managers. I typically cover the topics found in this blog, such as the importance of employment contracts, the Canadian Anti-Spam Law (CASL) , or small business taxation. While […]

CRA punished for malicious behaviour towards small business owners

CRA punished for malicious behaviour towards small business owners

Small business should fear the Canadian Revenue Agency…. CRA doesn’t need much introduction. We all know it. It is the agency responsible for collecting taxes. Every Canadian deals with it at some point or another. Small business owners and managers also have the “pleasure” of […]

Small Business Tax pain continues…

Small Business Tax pain continues…

Small Business Tax pain continues… But it’s not as bad as we first thought. Last July, the federal government announced it was going to introduce some significant changes to the Income Tax Act (ITA) of Canada.  I wrote about the proposed changes last September.  In […]

Changes to income tax act come into effect in 2018

Changes to income tax act come into effect in 2018

Last July, the government issued a consultation paper with a view of making changes to the income tax act and the way small business are taxed. I wrote about the proposed changes here and here. I was right…unfortunately In my last post, I made a  prediction […]

Effects of proposed tax changes

Effects of proposed tax changes

Federal Government proposed tax changes By now, you have undoubtably heard that the federal government is considering substantial changes to the way they tax corporations.  In this post, I will only briefly outline the proposed changes.  I’ll spend more time discussing the practical implications of how […]