Articles & Newsletters
Recent articles that may be of interest.
As always, if you have any questions in relation to these articles, please contact your KRP Advisor, or call our offices at 780.424.3000.
Selling Shares of a Private Corporation
Family Trusts
DFK Spring 2018 Newsletter
Tax Tips & Traps 2018 - 2nd Quarter
Tax considerations of First Nations People in Canada
The article, written by Rob Picton, CPA, CA, Partner Assurance and Advisory Services with significant insight from Hugh Neilson, FCPA, CFA, TEP , Director, Taxation, was recently published in the Alberta Native News.
Are you experiencing problems using "legacy software"?
DFK Winter 2018 Newsletter
2018 Federal Budget Commentary
Tax Tips and Traps 2018 - 1st Quarter
View ArticleTax Tips and Traps 2017 Year End Tax Planning
Dividends Magazine Fall 2017 - Phoebe Elliot Interview
Tax Facts October 18 2017
The Fall Economic Statement is out
Department of Finance October 16, 2017 News Release
Final Countdown - Sign by September 27, 2017 - by Joseph Devaney
Final Countdown- Sign by September 27, 2017, 5pm MDT
It is the final countdown. The consultation is slated to close October 2. The 20,105+ supporters of this petition say that is not right. We will be delivering this petition to the Honourable Minister of Finance, Bill Morneau later this week. The petition will be downloaded and printed Wednesday, September 27, 2017 after 5pm MDT. However, we will leave it open to continue collecting input....
To view article & link to petition
Is a 117.80% tax increase fair? Hugh Neilson discusses the proposed tax changes on Alberta Prime time.
CTV News Power Play video: Changes 'very unfair' for farmers
Coalition for Small Business Tax Fairness
The Coalition for Small Business Tax Fairness have written a letter to the Minister of Finance, Bill Morneau. The Coalition comprises 42 business groups (as of August 31) representing hundreds of thousands of business owners across Canada, and it is gaining momentum. They are asking the government to "take these proposals off the table and launch meaningful consultations..." Follow this link to read the letter
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
Potential Changes to Tax Planning Using Private Corporations
Important discussion paper from the Federal Department of Finance released July 18, 2017 regarding potential changes to Tax Planning Using Private Corporations. To review the article CLICK HERE
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.
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.
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.
KRP and DFK Canada Give Back to the Community Through Movember!
Taxation for Students
Protect Yourself Against Scams Posing as CRA
Published April 2016
Starting a Small Business
Published April 2016
Currency Swaps: CRA's Linkage Principle Overturned
Marriage Breakdown Affects Taxes and Child Benefits
Married vs. Common Law - What's the Difference Anyway?
Published March 8, 2015
By Brad Taylor, CA, Manager - Taxation, Kingston Ross Pasnak LLP
Six Stepping Stones
Published Fall, 2014
By Jeannette Blumentrath, Human Resources Manager, Kingston Ross Pasnak LLP
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
Is Good Luck Taxable?
Published September 5, 2014
By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP
The Indian Act - Exemption from Taxation
Published July 7, 2014
By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP
Tax Issues for New Canadians
Published August 30, 2013
By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP
Your Principal Residence and Taxes
Published July 1, 2013
By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP
The Tax Implications of Marital Breakdown
Published April 26, 2013
By Hugh Neilson, FCA, TEP, Director - Taxation, Kingston Ross Pasnak LLP
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
Tax Tips & Traps 2017 Third Quarter
Tax Tips & Traps 2017 Second Quarter
Tax Tips & Traps 2017 First Quarter
DFK Tax Newsletter - Summer 2017 Issue
DFK Tax Newsletter - Fall 2017 Issue
DFK Tax Newsletter - Spring 2017 Issue
DFK Tax Newsletter - Winter 2016 Issue
DFK Tax Newsletter - Fall 2016 Issue
DFK Tax Newsletter - Summer 2016 Issue
DFK Tax Newsletter - Spring 2016 Issue
April 2016 Alberta Budget Release
Published April 2016
2016 Federal Budget Commentary
Published March 2016