Recently, I decided to crunch some tax numbers for shareholders of a CCPC who are hoping to increase their take home pay in order to get into the BC real estate market. Canadian taxpayers know that the tax rates in recent years have crept up. What is commonly less known is that the tax rules and rates pertaining to dividends received from a CCPC have also shifted in recent years that a detailed analysis based on current rates and rules would be worth revisiting.
The BC economy is reopening slowly. We need to start planning for the “normal” time again as the physical threats brought about by the pandemic subside. Which means, bc tax planning will move up in importance in the very near future. With all the government assistance and money printing that went on during the heart of the pandemic, taxpayers who owned assets benefitted greatly from asset appreciation. Assets such as real estate, stocks, bitcoins, etc. appreciated tremendously during ... Read More
Successful entrepreneurs are often on the hunt to acquire other businesses for strategic reasons. Acquiring a competitor to increase market share or buying out a supplier to add synergy to an existing business are just a few of the reason entrepreneurs seek acquisitions. When a business is up for sale negotiation, the seller of the business has a huge advantage over the buyer. The seller, being the current operator of the business, has intimate knowledge of the environment he operates ... Read More