by Tingting Xu | Jan 30, 2025 | Estate planning, Financial planning, Uncategorized
Background Canadian-Controlled Private Corporations (CCPCs) benefit from the Small Business Deduction (SBD), which reduces the corporate tax rate on active business income up to $500,000. However, changes in tax regulations which was implemented as part of Canada’s...
by Tingting Xu | Jan 24, 2025 | Uncategorized
Capital Gains Tax Increase: Background, Challenges, and Strategies to Reduce Your Tax Liability Background As of June 25, 2024, Canada announced an increase in the capital gains inclusion rate from 50% to 66.7% for certain taxpayers; however, the change has been...
