Feigenbaum Law

passive income

A pile of Canadian coins, tax changes Canada.

Corporate Tax Planning

New Year- New Federal Tax Changes in Canada

A new year brings with it new year’s resolutions, a fresh start, and, for Canadian taxpayers and small businesses: tax changes at the federal level. Below is a quick brief on what changes can be expected as we push into 2019. CPP and EI An increase in Canada Pension Plan premiums (CPP)- beginning in January, CPP contributions increase from 4.95% to 5.1% on earnings between $3,500-$57,400. This is the first year of five planned years… Read More

MLI

Corporate Tax Planning

Canada’s Department of Finance Backtracks on Controversial Elements of Recent Tax Proposals

Earlier this year, we blogged about the federal government’s proposed tax changes. This week, the Department of Finance Canada clarified some aspects of the proposed measures, including providing more information about some of the most contentious elements of the tax-reform plan. The news came in the wake of significant public outcry and anger across the country, particularly from small business owners. The Modified Passive Income Proposal Finance Minister Bill Morneau clarified that… Read More