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Major income tax changes that apply to small business were announced July 18, 2017.

On September 28, 2017 Mark Stebbing CPA, CMA of Numbers Plus Professional Corporation will be leading a discussion about the recent (July 18, 2017) tax changes.

Discussion Topics:

Income Splitting: Preventing dividend or wages to go to family members if deemed to be ‘unreasonable’ or to tax them at 53.53%.

Passive Assets: Keeping some profits in the business for a rainy day may soon be subject to a tax of potentially 73% instead of normal rates.

Capital Gains: Leaving a business to a family member now results in about a 93% tax rate in Ontario under the new proposal.  This was made effective immediately!

 

Location: Rib Eye Jack’s, 6531 Mississauga Rd, Mississauga, ON L5N 8C4

 

                  Sponsored by Wealth Business Network

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