New Tax, New Insurance Opportunity: The Passive Investment Income Limit

Reading Time: 4 minutes

Reading Time: 4 minutes This week, our focus is on passive investment income and limiting access to the small business tax rate.

For an advisor if you’re discussing this with a business owner or incorporated professional, here are the key points you should include:

The government is limiting access to the small business tax rate effective January 1, 2019, therefore it’s time to act now and review your situation.
Let’s review the type of assets your corporation currently holds and the treatment of these assets under the new measures.
Look at possible solutions including: Corporately-held life/critical illness insurance, Salary/Dividend payout, Individual pension plans and Deferred capital gains.

Insurance planning opportunities considering the new small business tax changes

Reading Time: 2 minutes

Reading Time: 2 minutes Since the small business tax changes will be effective January 1, 2019, a discussion and plan should be prioritized now, since 2018 will be the “prior year”  of 2019. This is a good opportunity to talk to your business owner clients, incorporated professionals and accountant centres of influence about how life insurance could be a possible solution to “solve” these potential problems.

Saskatchewan Budget 2018

Reading Time: 2 minutes

Reading Time: 2 minutes The 2018 budget for Saskatchewan was announced by Donna Harpauer, Finance Minister, giving details of an anticipated deficit of $365 million for 2018-19 but surpluses for subsequent years. Learn about the details.

Tax Calculator

Reading Time: 2 minutes

Reading Time: 2 minutes April 30 is around the corner, a tax calculator that you can put on your website.

Nova Scotia Budget 2018

Reading Time: 2 minutes

Reading Time: 2 minutes The 2018 budget for Nova Scotia was announced on March 20, 2018 and has a particular focus on the province’s continuing investment in healthcare and education.

Alberta Budget 2018

Reading Time: 2 minutes

Reading Time: 2 minutes The 2018 budget for Alberta focuses on the diversification of its post-recession economy, with the aim of creating more stability and less vulnerability to future fluctuations in oil prices.