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After outcry from entrepreneurs, federal budget introduces watered-down passive income rules

  Owners of small and medium-sized businesses across Canada can finally breathe a sigh of relief. For the most part, they’ve won this round in the ongoing fight with the federal government to halt contentious tax reforms for corporations. Indeed, the 2018 federal budget will be remembered for what it didn’t do, rather than introducing […]

Changes to ECP tax rules create urgency for sale-minded entrepreneurs

A change to the treatment of eligible capital property (ECP) for Canadian-controlled private corporations (CCPCs) could have a significant impact on business owners planning a sale of their business in the next year. That is, of course, unless they act now to take advantage of the existing tax rules. Before we explore these changes, let’s […]