Why B.C.’s tax collector tried to burn Mutual Fire for an extra $4.5 million
April 9, 2021 by Greg MeckbachBritish Columbia’s income tax commissioner must re-visit a decision to bill Mutual Fire Insurance Company of British Columbia an extra $4.5 million in premium taxes and interest from the 2012 and 2013 taxation years. Mutual Fire appealed the ruling by…
Federal budget narrows scope of taxes on passive and split income
March 2, 2018 Greg Meckbach, Associate EditorBrokers 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…
How a salary cut could help a brokerage owner
December 14, 2017 Greg Meckbach, Associate EditorBefore 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 &…