tag:blogger.com,1999:blog-4402283548766807872.post1629814789454758828..comments2024-03-20T02:26:06.500-04:00Comments on The Blunt Bean Counter: Topics of InterestThe Blunt Bean Counterhttp://www.blogger.com/profile/11358868550072516313noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4402283548766807872.post-68283733717176460062015-05-08T20:21:10.739-04:002015-05-08T20:21:10.739-04:00thanks for the fast reply thanks for the fast reply Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-86445171612527460252015-05-08T01:01:56.735-04:002015-05-08T01:01:56.735-04:00Hi mike
Thx I wrote in detail about this issue a ...Hi mike<br /><br />Thx I wrote in detail about this issue a while back but maybe I will update the analysisThe Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-3560340939410567882015-05-07T17:21:20.075-04:002015-05-07T17:21:20.075-04:00"Small Business Tax Cut
It is proposed the 1..."Small Business Tax Cut<br /><br />It is proposed the 11% Federal small business tax rate on active income for qualifying Canadian Controlled Private Corporations will be reduced by .5% annually beginning January 1, 2016 and will drop to 9% by January 1, 2019. The dividend gross-up and credit will be adjusted each year to reflect the lower corporate tax rate."<br /><br />Could you do an analysis of these changes and what it will mean for those of us taking dividends as our remuneration from our CCPCs ?<br /><br />Thx,<br />MikeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-86154556563319315682015-05-07T14:06:37.149-04:002015-05-07T14:06:37.149-04:00Hi Nathan
Great suggestion, especially since I wa...Hi Nathan<br /><br />Great suggestion, especially since I was thinking about this for myself :)The Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-1755604797881342452015-05-07T14:04:51.125-04:002015-05-07T14:04:51.125-04:00Thx Anon
This is more of a question than a potent...Thx Anon<br /><br />This is more of a question than a potential topic. I would suggest if audited the CRA May question some of these issues, especially the guesstimated improvements.The Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-78173425158991432582015-05-07T03:51:40.983-04:002015-05-07T03:51:40.983-04:00One thing I've seen discussed a fair bit recen...One thing I've seen discussed a fair bit recently with the TFSA increase is the tradeoff between leaving retained earnings invested in a CCPC and pulling out more to fund a TFSA. In most cases the latter seems preferable, but it obviously depends on a number of factors (especially marginal tax rate, current and anticipated in retirement). Might be worth a post.Anonymoushttps://www.blogger.com/profile/13903169117125578441noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-4013289509531260212015-05-06T22:39:52.153-04:002015-05-06T22:39:52.153-04:00Hi I enjoy your blog and have learned a few things...Hi I enjoy your blog and have learned a few things. Possible topic or just an answer, your call. <br /><br />The accountant for an estate for a family member (was deceased accountant) added the property taxes that was paid over the years to increase the ABC for his commercial offices he rented out. He also said they could choose whatever value they wanted for current. The deceased owned some of the building since the late 1940's and mid-sixties and never had a company established. He also guesstimated improvements over the years as no paperwork as he paid moist tradespeople cash.<br /><br />Is this a legit method or option? I'm concerned they may be in for a nasty surprise.<br /><br />Enjoy the rest form the busy tax seasonAnonymousnoreply@blogger.com