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Fall Economic Statement 2018

Fall Economic Statement 2018

Raffaele Ruberto on December 18, 2018 in Tax

It will be important to track assets purchased on or after November 21, 2018, to ensure you maximize your annual capital cost allowance deduction (“CCA”). On November 21, 2018, the federal government released its 2018 Fall Economic Statement. Included in the statement were specific provisions allowing the acceleration of CCA for assets purchased on or after November 21, … Continued



Tip 3 – Tax on Split Income | Tax on Passive Income

Raffaele Ruberto on December 14, 2018 in Tax

This note continues Tax Principal Raffaele Ruberto’s ten-week Friday Tax Tip series, helping business owners and their family members mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules. As always, if there are any topics you would like addressed, or have specific questions you need answered, just send an email to rruberto@sbpartners.ca Tax on Split Income | Tip 3 … Continued



Tip 2 – Tax on Split Income (TOSI) | Tax on Passive Income (TOPI)

Raffaele Ruberto on December 7, 2018 in Tax

This note continues Tax Principal Raffaele Ruberto’s ten-week Friday Tax Tip series, helping business owners and their family members mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules. As always, if there are any topics you would like addressed, or have specific questions you need to be answered, … Continued



Tax Tip 1 – Tax on Split Income | Tax on Passive Income

Raffaele Ruberto on November 29, 2018 in Tax

Each Friday, until the end of January 2019, I will provide helpful information on how business owners and their family members can mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules. If there are any topics you would like addressed, or have specific questions you need answered, just send … Continued



Pension Planning Ideas

Raffaele Ruberto on November 15, 2018 in Advice for Business Owners

You can start taking your CPP payments as early as 60 or delaying them until 70. You can also take the CPP payments at 61, 62 or 63 up until you reach 70 years of age. If you commence the CPP payments at age 60, your payments will be reduced by 36%. The 36% reduction … Continued



Tax Tips for Year-End

Raffaele Ruberto on November 15, 2018 in Tax

1. Tax on Split Income Starting 2018 and onwards, every single individual resident in Canada who receives or realizes an amount derived from a private corporation, partnership or trust will need to understand the Tax on Split Income (“TOSI”) rules. Income splitting with non-active family members is severely restricted or not available under the new … Continued