Insights

In its 2017 budget, the federal government announced that it would be reviewing certain tax planning strategies that it believes result in wealthy individuals gaining unfair tax advantages over other Canadians.

Many business owners and operators find that they are so absorbed in the everyday details of their business that they hardly have a moment to consider their enterprise as a whole.

Tax fairness for the middle class. This has been one of the pillars of the current federal government. What does this mean for business owners?

Generally speaking, income splitting is the process of redirecting income within a family group to take advantage of the lower tax brackets, deductions, and credits available to each family member.

BDO has previously issued a Tax Alert regarding the tax reform proposed by U.S. President Donald Trump. We’ve suggested that should the plan be enacted in its current state, it will have a significant impact on Canadian companies doing business in the U.S...

When bonusing out corporate income, a deferral is available.

Transportation companies today often use subcontractors in place of employees, usually (though not exclusively) as drivers.

After a tumultuous 2016 that was rocked by wildfires in Alberta, political turmoil in the U.S., and declining oil prices, the Canadian economy is showing signs of a relatively favourable year ahead.

The small business deduction (SBD) is a key tax advantage for Canadian-controlled private corporations (CCPCs).