Perhaps it is a measure of how desperate the Liberal Government is to raise money at all costs – there is no other logical explanation of the CRA’s latest foolishness.
In many jurisdictions, including Ontario, municipal services for smaller communities are centralized i...
ROD SERLING, introduction,The Twilight Zone (season 2)
For those of us who have been in the tax community for any significant amount of time (almost 40 years in my case), this describes what year end tax planning feels like this time around. Tax life as we have k...
I haven’t been posting with my normal regularity. In fact, I haven’t posted since the end of March. After the rush of activity starting on July 18th last year, with the introduction of Bill Morneau’s onerous, complex, and duplicitous tax proposals, it was time to let...
Many of you have been reading my newsletters for years and have read many postings from me about family income splitting using low rate inter-family loans. Most recently, in January, I wrote about the need to be aware of the possible increase in the prescribed rate.
This afternoon, Finance Minister Morneau tabled his third Budget. After taking on the small business community and tax professionals across the country since his proposals of July 18th, 2018, he appears to be listening.
He has not taken any steps to change the rules re...
In September, I made a submission to the Department of Finance concerning Finance Minister Morneau’s proposed tax changes. I sent a copy to all Members of Parliament and the Senate.
On February 21st, after 5 months, I received an email from Chrystia Freeland’s office...
Much has been written, by me and others, since Finance Minister Morneau introduced his infamous tax proposals on July 18th, 2017. Despite all of the evidence presented that these proposals are bad tax policy and bad for the economy, Trudeau and Morneau are determined t...
