Before the 2024 Federal Budget, all capital gains, earned personally or in a corporation taxed the same – 50 percent inclusion rate. Post 2024 Federal Budget, all capital gains earned in a corporation taxed at an inclusion rate of 66.67 percent. Capital gains earned personally is taxed at 50 percent inclusion rate for the first $250K and then increases to
The Covid Pandemic brought about an unprecedented coordinated financial support from all central banks to assist individuals and businesses to cope with the financial losses brought about the closure of the world economy. As a consequence, most asset classes, particularly speculative assets, saw huge value appreciation due to the coordinated quantitative easing measures undertaken by these central banks. Vancouver Tax
With the curve flattening in BC, I am going to practice optimism and leap back to the future to discuss tax planning for BC individuals and small businesses for the 2020 year end. Operating loss utilization There will be businesses with operating losses for this fiscal year. Losses can be carried back three years whether you are proprietor or an
MEW and COMPANY
Chartered Professional Accountants
Suite 418–788 Beatty St. Vancouver, BC V6B 2M1
Tel: 604 688 9198 | Fax: 604 688 9192
Suite 418–788 Beatty St.
Vancouver, BC V6B 2M1
Tel:604 688 9198
Fax: 604 688 9192
Lilly Woo, CPA, CA, CFE, CFP (ext. 1)
Richard Mew, CPA, CA, CFP (ext. 2)
For everything from consultation to a comprehensive corporate tax plan, call us, we’re here to help. Whether you’re an incorporated Canadian business or a Canadian individual, whether you need financial statements or a comprehensive tax and estate plan, we know how to work within the current Canadian tax laws to minimize your tax burden and maximize your net worth
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