Federal budget narrows scope of taxes on passive and split income

March 2, 2018 Greg Meckbach, Associate Editor

Brokers who are concerned about income tax changes will find “good news” in the recently-released federal budget, a tax expert said Wednesday. Finance Minister Bill Morneau announced this past July several proposals intended to crack down on company owners who…

News Legislation / Regulation

How a salary cut could help a brokerage owner

December 14, 2017 Greg Meckbach, Associate Editor

Before breaking for the holidays, broker-owners should consider “holding off” on paying large salaries to themselves, below new federal tax law takes effect, so they can take advantage of existing tax advantage that could end Jan. 1, an Ernst &…