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Higher Taxes All Around, More Tax Planning Opportunities All Around

Before the 2024 Federal Budget, all capital gains, earned personally or in a corporation taxed the same – 50 percent inclusion rate.  Post 2024 Federal Budget, all capital gains earned in a corporation taxed at an inclusion rate of 66.67 percent.  Capital gains earned personally is taxed at 50 percent inclusion rate for the first $250K and then increases to

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Corporate Investments – Post 2024 Budget

Capital gain planning for Canadian private corporations and their shareholders has become a more taxing math exercise post 2024 federal budget. There is plenty to consider given that capital gains earned in a corporation will have an inclusion rate of 66.67 percent versus the 50 percent inclusion rate for individuals. However, at the personal level, only the first $250K of

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Capital Gains Deduction for Canadian Business Owners

Running your own canadian company has many tax perks. This includes many write-offs, low corporate tax rates for the Canadian controlled private corporations (“CCPC”), and the income splitting opportunities. One of the biggest and least discussed tax breaks is the lifetime capital gains deduction that is available when a shareholder of a CCPC is ready to sell his shares of

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