Alternative strategies flourish amid proposed tax changes

Ottawa's proposal to change the tax structure for incorporated businesses has many owners looking at alternative ways to shelter earnings for retirement and estate planning. Tax experts are fielding a growing number of calls from small-business owners about the pros and cons of setting up vehicles such as Individual Pension Plans (IPPs) and corporate-owned life-insurance policies. The queries come as the Liberal government proposes to restrict the use of private corporations for making passive Read more [...]
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How the first 20 minutes of your day can set you up for success

You all know about that morning-routine thing: Everybody raves that waking up early and sticking to your routine can help you to get more done. But if you get out of bed at 5 a.m. or 3 p.m., it is the first 20 minutes of your day that could set you up for success.The brain produces electrical patterns, frequently referred to asnbsp;waves. Scientists have foundnbsp;. When you awake, your mind works at approximately 10.5 waves per second. The range from eight to 13 Hz, or cycles per second, Read more [...]
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Business Entrepreneurs and Groups mobilize to block federal Taxation changes

Rage is turning into action for a firestorm of opposition to proposed federal taxation changes gains force among entrepreneurs and business organizations.In July, federal Finance Minister Bill Morneau announced several proposed tax changes. Small-business owners throughout the country have denounced them saying they will have a devastating effect on their enterprises. The proposals attempt to remove or restrict tax-saving steps like sharing income with family members, Read more [...]
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What Canada’s new tax-planning proposals mean for private Companies

is an Spouse and taxation pioneer, private client services. Do you have a small, medium or large private company in Canada? New tax-planning proposals will impact your passive investments.On July 18, federal Finance Minister Bill Morneau introduced draft legislation, explanatory notes and a consultation paper proposing to overhaul the system of taxation for private companies, their shareholders and relatives. These suggestions are broad-based and mostly target Canadian-controlled Read more [...]
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Report on Small Business newsletter: costing out the Suggested small business tax changes

How much will Morneau's proposed tax changes price small business? We do the math.Accountants are busy crunching the numbers for small-business customers who might be affected by Ottawa's proposals to close loopholes those businesses use to reduce their tax bills. The Liberal government is seeking to eliminate what it sees as a monetary advantage individuals with corporations have contrasted with salaried employees. Business owners assert the suggested moves are unjust Read more [...]
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The Way to Create a Community, one friend at a time

Your network is your net worth. You have probably heard this cliché bounced around as gospel, usually from people that are well established and have been in a position to leverage their relations to expand their business.You've also probably gone into an event and met that one person whose sole purpose appears to be introducing himself to everyone, giving his card out to anyone nearby and then continuing on to another batch of humans. Ostensibly hoping to develop his Read more [...]
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Alberta challenges ruling that States trade rules are violated by its beer tax

Interprovincial obligations are violated by EDMONTON -- Alberta is challenging a ruling that found its own incentive program.Finance Minister Joe Ceci says the decision of last month is being appealed by the government by a trade panel that is internal.Ceci says the state will assert that trade duties are met by its small development program. He says that Alberta conducts the liquor market in Canada because incentives started and 18 breweries have opened.The trade panel, Read more [...]
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The Canadian promise of Alibaba is Not all that it seems, experts warn

In January, shortly before Donald Trump's inauguration, Chinese billionaire Jack Ma fulfilled the president-elect and made a splashy guarantee: Mr. Ma's e-commerce firm, Alibaba Group Holding Ltd., would create one million jobs in america by helping the United States' small companies export to China. Both men grinned and shook hands for the cameras in the lobby of the Trump Tower, and Mr. Trump proclaimed it a "great assembly{}"This September, Mr. Ma will be in Toronto Read more [...]
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How much will Morneau’s tax changes that are proposed cost business? We do the math.

Accountants are busy crunching To close loopholes these businesses use to reduce their tax bills. The government is seeking to eliminate what it sees as a benefit individuals with corporations and employees have compared. Company owners argue that the moves could have effects on their ability to expand their businesses, and of course their retirement objectives and are unjust. X To continue reading this article, you must be a Globe Read more [...]
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Planned labour reforms ‘{}’ Ontario Company coalition States

In releasing a part of its investigation on the laws the Ontario government's plan for labour reforms could have side effects that would place 185,000 jobs a coalition of business groups said.The economic analysis found that Ontario companies stand to have a hit that was 23-billion because of a minimum-wage increase, largely within two decades of the implementation of Bill 148. The coalition, which includes groups like the Council of Canada and the Ontario Chamber of Read more [...]
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