Updated Small Business Tax Reforms

It has certainly been a busy week in terms of announcements regarding financial policies for small businesses. Following the series of proposed tax reforms that the government announced back in July, various tweaks and changes have subsequently been made, owing, perhaps in part, to confusion and frustration expressed among the small business community. We have provided a brief summary of the changes in this article and infographic.

Year End Tax Tips

Do you have unrealized capital losses? Have you maximized your TFSA contribution yet? Have you thought about family income splitting? Can you benefit from the New Canada Child Benefit?