Articles & Newsletters

Recent articles that may be of interest to our clients related to our different practice areas and/or industries we serve.

Proposed Federal Liberal Government Legislative Changes and Their Far-Reaching Impact

On July 18, 2017, the Federal Liberal government announced proposed legislative changes that will have a far-reaching tax impact on private companies and their shareholders.  The draft legislation would mean significant policy changes to the taxation of:
     1.  Payments to shareholders of private companies,
     2.  Capital gains realized on the sale of certain private company shares,
     3.  Income from passive investments inside a private corporation, and
     4.  The conversion of a private corporation’s income into capital gains.

As a member of DFK Canada, we have compiled four papers that discuss the proposed changes and the potential impact on the taxation of small businesses and their owners.  For a copy of each detailed paper, please click on the links below to access our website.

Payments_To_Shareholders_of_Private_Companies
Capital_gains_realized_on_the_sale_of_certain_private_company_shares
Income_from_passive_investments_inside_a_private_corporation
The_conversion_of_a_private_corporations_income_into_capital_gains

What Are We Doing?
As part of DFK Canada, we are pro-actively seeking changes to these proposals by discussing their impact with our clients and contacting local MP’s to advise them of the far-reaching impact these rule changes will have on small businesses in Canada. Those most impacted by the proposals are being portrayed as the wealthiest of Canadians. We know otherwise. We will continue to keep our clients up to date as we learn more about the proposed changes.

If you have any questions, please do not hesitate to contact our offices.  780.424.3000

Another Viewpoint on the July 2017 Proposed Tax Changes.

Proposed tax reforms don't crack down on the wealthy; they threaten small business.  Chad Saikaley, of our associates, Ginsberg Gluzman Fage & Levitz, LLP in Ottawa, has penned an article published in the Ottawa Citizen this morning regarding the proposed changes to federal income tax legislation.  The federal Department of Finance is characterizing the proposed changes as a crackdown on the wealthy.  Read Chad's article for a different perspective.

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July 2017 Proposed Tax Changes May Hit Your Family Farm Hard!

On July 18, 2017, the Department of Finance released shocking changes to the Lifetime Capital Gains Deduction, Income Sprinkling and released other extremely complex rules involving corporations and trusts.  These changes do affect your farm so we encourage you to read this article.

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Is a 93% Tax Rate Fair to Canadian Small Business Owners?

The new tax policies introduced by the Canadian Federal Government on July 18, 2017 appear likely to materially harm the Canadian economy including, by exposing Canadian small business owners to tax rates of 93% or even more. 

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KRP and DFK Canada Give Back to the Community Through Movember!

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What is Collaborative Divorce?

Published August 2016

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Taxation for Students

Published June 15, 2016

By Gunnar Rawe, Kingston Ross Pasnak LLP

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April 2016 Alberta Budget Release

Published April 2016

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Protect Yourself Against Scams Posing as CRA

Published April 2016

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Starting a Small Business

Published April 2016

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2016 Federal Budget Commentary

Published March 2016

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Marriage Breakdown Affects Taxes and Child Benefits

Published January 5, 2016

By Christie Hoem-McNall - Taxation, Kingston Ross Pasnak LLP

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Currency Swaps: CRA's Linkage Principle Overturned

Published May 2, 2015

By Mathew Desilets, Manager - Taxation, Kingston Ross Pasnak LLP

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Married vs. Common Law - What's the Difference Anyway?

Published March 8, 2015

By Brad Taylor, CA, Manager - Taxation, Kingston Ross Pasnak LLP

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Six Stepping Stones

Published Fall, 2014

By Jeannette Blumentrath, Human Resources Manager, Kingston Ross Pasnak LLP

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The Calculation of Child Support: A Basic Guideline

Published November 5, 2014

By Mark G. Jones, BCom, CA, CBV, Principal - Business Valuations & Financial Litigation Support, Kingston Ross Pasnak LLP

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Is Good Luck Taxable?

Published September 5, 2014

By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP

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The Indian Act - Exemption from Taxation

Published July 7, 2014

By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP

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Tax Issues for New Canadians

Published August 30, 2013

By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP

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Your Principal Residence and Taxes

Published July 1, 2013

By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP

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The Tax Implications of Marital Breakdown

Published April 26, 2013

By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP

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Credit where Credit is Due: Personal Credits in the Canadian Tax System

Published September 1, 2012

By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP

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