Category: Tax News

Tax-News.com: Canadian Gov't Drops Capital Gains Tax Changes

Tax-News.com: Canadian Gov't Drops Capital Gains Tax Changes by Mike Godfrey, Tax-News.com, Washington 20 October 2017 The Canadian Government has dropped plans to prevent the conversion of a private corporation’s regular income into capital gains. The proposal had formed one of the three key elements of the Government’s intended crack down on tax planning tools

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Category: Tax News

U.S. Senate paves way for Trump tax cuts

U.S. Senate paves way for Trump tax cuts President Donald Trump promised tax cuts Friday “which will be the biggest in the history of our country!” following Senate passage of a $4 trillion budget that lays the groundwork for Republicans’ promised tax legislation. Republicans hope to push the first tax overhaul in three decades through

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Category: Tax News

How to moderate family meetings

How to moderate family meetings “Hey! Let’s all get together to talk about our family’s money!” As invitations go, that one’s a hard sell. But, says Nancy Golding, QC, a tax partner in BLG’s Calgary office, clients today are generally amenable to family meetings to discuss wealth and estate planning. Long a mainstay for rich

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Category: Tax News

BoC to hold interest rate, analysts say

BoC to hold interest rate, analysts say Canadian financial institutions are predicting the Bank of Canada won’t change its target for the overnight interest rate at its announcement next week. In a research note on Friday, CIBC Capital Markets chief economist Avery Shenfeld suggested the central bank wouldn’t raise the interest rate for a third time this year.

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Category: Tax News

Institutional investors want women on boards: study

Institutional investors want women on boards: study The support of institutional investors is key to driving any meaningful increase in female representation on corporate boards and in the executive suites, a new analysis suggests. The review authored by lawyers from Torys in Toronto says increased scrutiny on board composition has become a growing area of

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Category: Tax News

Tax proposal summary: what’s in, what’s out

Tax proposal summary: what’s in, what’s out If you’re unclear on changes to Finance’s tax proposals for business, that might be because the changes were announced at three different times this week, with full details yet to be fleshed out. Read: Liberals to cut small business tax rate to 9% over 2 years For example,

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Category: Tax News

Tax-News.com: Canadian Tweaks Reforms To Taxation Of Passive Investment

Tax-News.com: Canadian Tweaks Reforms To Taxation Of Passive Investment by Mike Godfrey, Tax-News.com, Washington 19 October 2017 The Canadian Government has said that it will press forward with measures to limit the tax deferral opportunities related to passive investments, but will seek to ensure that business owners remain able to build a “cushion of savings.”

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Category: Tax News

China’s growth buoyed by retail spending, exports

China’s growth buoyed by retail spending, exports China’s economic growth stayed relatively stable in the latest quarter, buoyed by strength in retail spending and exports, giving the ruling Communist Party a boost as President Xi Jinping prepares for a new term as leader. The economy expanded at a still-robust 6.8% annual pace in the three

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Category: Tax News

Most Canadian cities to see GDP growth in 2017, 2018

Most Canadian cities to see GDP growth in 2017, 2018 Major cities across Canada will see their GDPs rise this year and next, finds The Conference Board of Canada’s Metropolitan Outlook: Autumn 2017. Here’s a breakdown by city. Vancouver and Victoria Vancouver’s real GDP is forecast to grow 3.2% in 2017 and 2.5% in 2018, after

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Category: Tax News

Help clients protect themselves against fraud

Help clients protect themselves against fraud When former financial planner Daniel P. Reeve was convicted this month of defrauding 41 investors out of about $10 million, it was a bitter lesson. As with many financial frauds, the victims didn’t see it coming, and there’s little to no chance they will recover their money. At the

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