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income tax

News Legislation / Regulation

How new tax laws could affect brokers’ retirement plans

October 18, 2018 by Greg Meckbach

Brokerage owners looking for ways to reduce their tax bill could have more incentive in 2019 to max out their registered retirement savings plan, a tax expert told Canadian Underwriter. For some family-owned businesses, there is “an added reason” for

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How machine learning can help you predict court decisions

April 26, 2018 by Jason Contant

Machine learning is now able to analyze court decisions and predict how judges may respond in certain situations, based on an analysis of existing caselaw. Artificial intelligence technology is currently available to analyze tax and employment caselaw, but it’s easy

News InsuranceLegislation / RegulationMarkets / Coverages

Broker urges more study on ‘broadest tax reform in decades’

November 15, 2017 by Canadian Underwriter

A federal government proposal to change the income tax system affecting passive income generated within a company is raising some unanswered questions, a member of parliament suggested to brokers this week. One commercial brokerage president is calling for further study

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Ottawa will ‘not be moving forward’ on proposed capital gains tax changes

October 24, 2017 by Canadian Underwriter

The federal government is not going ahead with changes, proposed in July, that would have eliminated, for some, an exemption from paying income tax on capital gains realized by disposing of shares in small businesses. The lifetime capital gains exemption

News Earnings / RatingsInsuranceLegislation / RegulationMarkets / Coverages

Brokers bend MPs’ ears over proposed tax changes

October 13, 2017 by Canadian Underwriter

Insurance brokers are among the professionals expressing concern over proposed changes to federal taxes on business income, a Saskatchewan member of parliament said recently. On October 6, the majority of House of Commons members voted against continuing consultations on proposed

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Ottawa plans to eliminate tax exemption for farm property insurers, amend anti-money laundering laws

March 23, 2017 by Canadian Underwriter

The federal government said Wednesday it is proposing to eliminate a tax exemption introduced in 1954 for insurance carriers providing property insurance for farming and fishing properties. In its budget document, the ruling Liberals suggested they want to give the