At some point in their lives, most Canadians will be subject to a tax audit from the Canada Revenue Agency (CRA). While the process can be anxiety-inducing and stressful, having the right insurance policy can help you prepare for an…
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…
Brokers who co-own their businesses with family members should consider paying their children and spouses extra dividends before popping the champagne cork this New Year’s Eve. The federal government plans to expand the tax on split income (TOSI), which currently…