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
For CCPCs who have managed to survive and thrive the last 8 years of tax punishment and Covid disruptions, what to do after the 2024 proposed tax rules changes? Dividends vs Payroll Prior to 2016, remuneration to shareholders using dividends was the more tax advantageous option. Dividends did not require CPP premiums to be paid by the employer and the
Difference Between Real Estate Development and Real Estate Investment There is much confusion on the tax efficient way to hold real estate. The confusion is because taxpayers confuse real estate development with real estate investment. If a taxpayer is planning to buy a piece of land and build a new house or substantially renovate an existing house, this is real
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
© 2020 Mew & Company
