If your corporate year end is December 31, it’s a great time to review your business finances. With the federal election over and no major business tax changes for this year, 2019 is a good year to make sure you are effectively tax planning. Please keep in mind that your business may be affected by the recent tax on split income (TOSI) and the passive investment income rules given they came into effect in 2018. These rules can be complicated, please don’t hesitate to consult us and your accountant to determine how this can affect your business finances.
https://horizonfinancial.ca/wp-content/uploads/2019/11/Tax_Tips_Business_Owners_Featured_Image-495x400-v2.png400495Horizon Financialhttps://horizonfinancial.ca/wp-content/uploads/2019/12/horizonEnfold2.jpgHorizon Financial2019-11-28 01:00:032019-11-28 10:30:06Business Owners: 2019 Tax Planning Tips for the End of the Year
Business Owners: 2019 Tax Planning Tips for the End of the Year
/in Blog, Business Owners, life insurance /by Horizon FinancialIf your corporate year end is December 31, it’s a great time to review your business finances. With the federal election over and no major business tax changes for this year, 2019 is a good year to make sure you are effectively tax planning. Please keep in mind that your business may be affected by the recent tax on split income (TOSI) and the passive investment income rules given they came into effect in 2018. These rules can be complicated, please don’t hesitate to consult us and your accountant to determine how this can affect your business finances.