News

Keeping you informed

As we approach the end of the year, it is time to consider some tax planning opportunities that may be available to you for 2019. The planning points outlined below are not intended to serve as specific advice; you should always consult your D&H advisor before implementing any of the suggestions contained in this newsletter. […]

Read More

The Deadline to Register for the BC Employer Health Tax (“EHT”) Is Coming Soon The EHT registration deadline is quickly approaching for some employers. Employers who had BC Remuneration of $600,000 or more in the 2018 calendar year will have an EHT instalment requirement for 2019. Employers with an EHT instalment requirement for 2019 must […]

Read More

Finance Minister Bill Morneau released the Federal Government’s 2019 Federal Budget on Tuesday March 19. There are no proposed changes to tax rates, but the Budget does propose a new Canada Training Credit, tax credits for news organizations and news subscribers, and additional funds for money laundering investigations and Canada Revenue Agency auditors. The Budget […]

Read More

The B.C. Government released the 2019 Budget on February 19, 2019. There were no personal or corporate tax rate changes in the Budget, but the Budget did contain enhancements to some tax credits and provided some clarification on new measures like the BC Employer Health Tax and the Speculation and Vacancy Tax. Income Tax Measures […]

Read More

British Columbia Budget 2018 included the announcement of a new payroll tax called the Employer Health Tax (the “EHT”). Preliminary details were released over the summer, with additional details being released in recent months. The EHT came into effect on January 1, 2019; employers should be aware that the EHT may result in a significant […]

Read More

As we approach the end of the year, it is time to consider some tax planning opportunities that may be available to you for 2018. The planning points outlined below are not intended to serve as specific advice; you should always consult your D&H advisor before implementing any of the suggestions contained in this newsletter. […]

Read More

British Columbia Budget 2018 included the announcement of a new payroll tax called the Employer Health Tax (the “EHT”). While legislation and full details on the EHT are expected to be released in the fall of 2018, the BC Government has released preliminary details about the EHT. The EHT is expected to come into effect […]

Read More

On February 27th Finance Minister Bill Morneau presented the 2018 Federal Budget titled “Equality and Growth”. The budget includes a focus on growing government revenues by increasing economic participation among women, visible minority Canadians and persons with disabilities, as well as substantial long-term investments in science and technology. The government suggests that increasing equality for […]

Read More

As you may be aware, the US Government passed significant tax reforms in late 2017, and one of the major reforms was the wholesale conversion of its system of taxing corporate business income from a worldwide taxation system to a territorial taxation system. Under the old worldwide taxation system, business profits earned in a foreign […]

Read More

As we approach the end of the year, it is time to consider some tax planning opportunities that may be available to you for 2017. The planning points outlined below are not intended to serve as specific advice; you should always consult your D&H Group LLP advisor before implementing any of the suggestions contained in […]

Read More

On July 18, 2017 the Government introduced proposed amendments to the Income Tax Act (Canada) (the “Act”) that will have a profound impact upon the taxation of private corporations and their shareholders. We previously summarized these proposals in our Proposed Changes to the Taxation of Private Corporations and Shareholders newsletter of September 7, 2017. The […]

Read More

The Small Business Deduction (“SBD”) provides for a reduction in the rate of corporate income taxes payable on the first $500,000 of active business income earned by Canadian-controlled private corporations. The 2016 Federal Budget introduced changes to the Income Tax Act (Canada) intended to prevent taxpayers from multiplying access to the SBD. The changes are […]

Read More