Investing as a Business Owner 2023

Many business owners have built up earnings in their corporation and are looking for tax efficient ways to pull the earnings out to achieve their personal and business financial goals. We outline the factors to consider when investing as a corporation.

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How will rising interest rates impact Canadians?

You've likely heard much about interest rates, especially house prices and mortgages. Rising interest rates will impact everyone, whether they are borrowers or savers. Read our article on how to prepare.

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Tax Tips You Need To Know Before Filing Your 2022 Taxes

It’ll be time to file your 2022 taxes soon, and you must take advantage of every tax credit and deduction you can! Our article covers the following: • Canada Workers Benefit. • Claiming home office expenses. • The tax deduction for zero-emissions vehicles. • Return Of Fuel Charge Proceeds To Farmers Tax Credit. • Eligible Educator School Supply Tax Credit.

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Federal Budget 2023 Highlights

On March 28, 2023, the Federal Government released their 2032 budget. This article highlights the following financial measures: • New transfer options associated with Bill C-208 for intergenerational transfer. • New rules for employee ownership trusts. • Changes to how the Alternative Minimum Tax is calculated. • Improvements to Registered Education Savings Plans. • Expanding access to Registered Disability Savings Plans. • Grocery rebate. • Deduction for tradespeople tool expenses. • Automatic tax filing. • New Canadian Dental Care Plan.

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Quebec 2023 Budget Highlights

On March 21, 2023, the Quebec Minister of Finance announced Quebec's 2023 budget. We have highlighted the most important financial measures you need to know, with an emphasis on the following: • A new “tax holiday” associated with large corporate investment projects. • Enhancements to existing corporate tax credits. • A decrease in personal income tax rates, changes to personal tax credits, and a change in QPP contribution requirements after 65. • Financial commitments to infrastructure, healthcare, education, and communities. Budget 2023 includes no changes to corporate tax rates.

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