Archive for the ‘Commentary’ Category

Owner/Managers: Are You Ready for the Tax Changes?

Friday, July 20th, 2018

Right around this time a year ago, we received the somewhat unexpected private company income tax proposals from our Federal Finance Department.  While they had hinted that these changes were coming, the form of these changes was a big surprise to many private company business owners and tax practitioners.  After significant public feed back was received, the new tax rules are now in place with the income splitting rules already in effect as of January 1, 2018.  The passive income rules will take effect for tax years that start after 2018.  The question is, now that we are at the midpoint of 2018 are you prepared for these changes? (more…)

Posted: Friday, July 20th, 2018 | Categories: Commentary.

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