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Keyword: Small business

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parliament hill

Feds boost SR&ED, renew accelerated investment incentive

House of Commons in Ottawa

Groups urge feds to launch a formal review of the Income Tax Act

Many businesses remain shut out of tax break on increased capital gains inclusion rate

House of Commons in Ottawa

Clarifications concerning the capital dividend account are welcomed by tax practitioners

Tread carefully

A company could face 60% tax on unintentional payout of excess amounts from its capital dividend account

Two happy carpenters shaking hands with senior customer after successful agreement in a workshop.

Federal government passed new rules and incentives for EOTs in June

Heavy weight

Year-over-year insolvency levels have been rising for more than two years

Two entrepreneurs working on their bills in the retail store

Incorporated professionals must consider deferral, dividends and deductions

Two entrepreneurs working on their bills in the retail store

Business owners should compare EOTs with other exit options

Sorry we are closed sign board hanging on a door of cafe

Consumer insolvencies also increased in January, but not nearly as sharply