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Recalculating the Benefits of Incorporating a Small Canadian Business

For the past two decades, tax practitioners had little doubt that incorporating even a moderately successful business made financial sense.  The low corporate tax rate for CCPCs on the first $ 500K of corporate profit, the slight tax advantage the ineligible dividends received in the hands of the shareholders, and the tax free CDA extraction on capital gains all made

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Time to Reconsider Remuneration Method for CCPC Shareholders

During the summer of 2017, CCPC shareholders and tax advisors across Canada were surprised with by the announcement of new tax rules and restrictions that were being planned by the Minister of Finance.  Basically, Ottawa felt that the existing rules at the time were too generous for the CCPC shareholders and intended to scale the “tax perks” down considerably. Almost

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A Liquidity Crunch in Vancouver

Just two years back, when buying condo presales was the rage of investing free cash in Vancouver, I wrote a short blog cautioning investors to begin preparation years ahead for the closing date of the deal.  When the condo completes, full payment of the balance on the condo is required to close the deal; hence qualifying for the mortgage at

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