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INSIGHTS, NEWS & EVENTS

Our team is always up to something. Read our latest insights, news and updates here.

John Chisholm Interviewed by Biz Magazine

*Article published in Biz Magazine Biz Magazine recently sat down with John to talk a little business, a little pleasure and a whole lot of community. As CEO and Partner at SB Partners, what does your job entail? “I see the role as achieving results through others and living the values of the firm as … Continued

Fall Economic Statement 2018

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

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

Christmas Wishes

This holiday season, SB Partners has made a gift to the Compassion Society of Halton.  This will help many families with food, clothing, everyday household items and referrals to local resources. From all of us at SB Partners, Merry Christmas and best wishes for a happy, healthy and peaceful 2019.  

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

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

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

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

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

Message from John Chisholm

With the spooky, sugary pleasures of Halloween behind us, 2018 begins to wind down, and our thoughts turn toward the New Year ahead. The business climate is unsettled. On one hand, the Bank of Canada is raising interest rates to combat inflation (the fifth hike in 15 months) and predicting solid growth in the months … Continued

Succession in Family Businesses

As a family business prepares for succession, it is critical to factor family dynamics into the equation. Most businesses have clear financial disciplines, production processes, sales and marketing practices, and so on. Meanwhile family dynamics are often overlooked, though they often emerge as the most disruptive element in the business transition. Rooted in deep-seated emotions … Continued