TAX PLANNING THROUGH PRIVATE COMPANIES

In the 2017 Federal Budget tabled on March 22, Finance Minister William Francis Morneau announced that he would conduct a review of tax planning strategies using private corporations and that a consultation paper would be released in the coming months. Last Tuesday, July 18, the Minister tabled his recommendations, as well as legislative proposals aimed at countering certain tax planning strategies.

IMPORTANT INFORMATION FOR YOUR 2016 INDIVIDUAL INCOME TAX RETURNS

It’s that time of year again, time to think about preparing our income tax returns. For most of us, it usually ends up being a bit of a puzzle, because it’s difficult to know which documents and what information we need to forward to our accountant to ensure that any deductions and tax credits to which we are entitled, are maximized.

RELEVANT INFORMATION FOR YOUR 2016 TAXES

It’s that time of year again when we have to think about preparing our tax returns. For most of us, this can be a real headache, as it’s hard to know what documents and information to send to our accountant to maximize the deductions and credits to which we’re entitled.

PERSONAL INCOME TAX RETURNS: Are you ready?

Every year, when the snow begins to melt and spring is just around the corner, it’s time to start thinking about filing our income tax returns. For most of us, this becomes a real headache. Here’s a summary of what’s new for 2016, both federally and in Quebec, as well as a brief reminder of measures already in effect.