The Covid Pandemic brought about an unprecedented coordinated financial support from all central banks to assist individuals and businesses to cope with the financial losses brought about the closure of the world economy. As a consequence, most asset classes, particularly speculative assets, saw huge value appreciation due to the coordinated quantitative easing measures undertaken by these central banks.
Salary or Dividend? Shareholder Remuneration Revisited 2021
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.
How CCPC Dividends ... Read More
Canadian Tax Issues 2021 and Beyond
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
