Hello All, As part of the federal government’s committment to advance gender equality, women’s economic empowerment and supporting women entrepreneurs through the new Women Entrepreneurship Strategy announced in Budget 2018 a new direct funding assistance program for female entrepeneurs has been made available. As part of the Strategy, the Government is making funding available directly...Read More

Hello All, Keith Cutten has asked me to help promote his new book The Evolution of Golf Course Design. I’m happy to do so. I have known Keith for few years dating back to when he was one of the earliest Stanley Thompson Society Foundation scholarship recipients as a graduate student in the MLA (Masters...Read More

Hello All, We are now entering the last few months of the year before the changes take effect in 2019 pertaining to small business corporation taxation. We will address this with a new three part SNiPS series on planning around these tax changes. This is also a result of the response and interest in our...Read More

Here are parts of a recent column in the Globe & Mail written by Clare O’Hara. More than 85 per cent of Canadian family Caregivers are leaving money on the table in possible tax breaks that could ease their related financial burden. One-third of Canadians currently provide caregiving support or expect to in the next...Read More

Students Moving Expenses If you have moved at least 40km to attend a post-secondary educational institution full time, then moving expenses <https://www.taxtips.ca/filing/movingexpenses.htm> may be deducted, but only from taxable scholarship or award <https://www.taxtips.ca/filing/students/scholarships.htm> income received in the year (most is now not taxable), as well as from employment income earned in the new location while...Read More

The BEST Tax Shelter Most of us view insurance as a “necessary evil”. I’m going to show you (quickly) that not only is insurance a good thing to have in case you die but it can also provide you with a way to grow and use money Tax-Free. Life Insurance Tax Shelters (LITS) will not only permit...Read More

Hello All, Note the article below which appeared in the National Post a few days ago.  It provides some measure of hope with respect to the Trudeau government’s move to stop income sprinkling. As always please let me know of you would like to discuss further. Best regards, Larry May 9, 2018 12:09 PM EDT...Read More

In addition to the new minimum wage rate effective January 1,2018 the method of calculating public holiday pay has changed as well. Here is a clip on that: On January 1, 2018, the section of Ontario’s Employment Standards Act, 2000 dealing with public holiday pay is revised. The new method for calculating public holiday pay...Read More

On October 16, the Department of Finance made three announcements: The federal small business tax rate (currently at 11 per cent) is to be reduced to 9 per cent effective January 1, 2019. It will drop to 10 per cent on January 1, 2018. This tax rate applies to the first $500,000 of active business income each...Read More