Change would be part of Ottawa’s plan to renew financial services legislation and modernize consumer protection
A move from one class to another within the corporate structure will be considered to be a disposition and subject to capital gains taxes
The government has committed to a 10-year infrastructure plan focusing on public transit, green infrastructure and social infrastructure that will be paid for by increasing the deficit
The Liberal government is projecting a deficit of $29.4 billion in fiscal 2017, much higher than the $10 billion originally envisioned
The Liberal government is touting the introduction of the Canada Child Benefit as “the most significant social policy innovation in a generation”
Feedback from small firms led to the change of heart
Ottawa is proposing an increase to the GIS top-up benefit and additional support for senior couples living apart for reasons beyond their control
Jamie Golombek, managing director, tax & estate planning, CIBC Wealth Strategies, highlights several tax changes in the 2016 federal budget that will impact small businesses. He spoke from the budget lock-up in Ottawa.
Jamie Golombek, managing director, tax & estate planning, CIBC Wealth Strategies, reports that effective September, an exchange of shares within a mutual fund corporation will be taxed as a disposition at fair market value. He spoke from the budget lock-up in Ottawa.
Liberals will undo the Conservatives’ decision to raise the age of eligibility for OAS