What is a holding company? A holding company is simply a corporation that does nothing but own a controlling interest (shares) of one or more other companies that are actually…
Tag: business tax
Income Sprinkling under the Microscope
The common small business practice of income sprinkling – distributing business income among the owner’s family members using dividends, with the aim of reducing the family’s overall tax – has…
Advisor.ca article: How tax rules disadvantage family business succession
by Simon Doyle and Melissa Shin Many business owners dream of passing their businesses on to their children. But thanks to a specific anti-avoidance tax rule, it’s often more profitable…
Globe and Mail Article: One way to avoid tax – leave money in the business
by GAIL JOHNSON Justin Trudeau has vowed to increase taxes on the wealthiest of Canadians – many of whom have achieved their status by building businesses. These business owners could…
How SMEs Can Avoid Common Pitfalls
Small business owners often limit their potential for financial success through lack of awareness and careful planning, says Jennifer Black, president of Dedicated Financial Solutions, a financial planning company based…
Wealth Management Solutions for Business Owners
Wealth Management Solutions for Business Owners Lifetime Capital Gains Exemption Effective for 2014, the Lifetime Capital Gains Exemption (LCGE) is increased to $800,000. Qualification for the Exemption The capital gains…