There has been lots to do about the proposed federal tax changes affecting private corporations. Income splitting, taxation passive investment, etc.
Business owners, not only the private corporations, should already have been planning on the gradual increase of CPP from 4.95% to 5.95% (+20% increase!) and the gradual increase of the minimum wages from $11.35 per hour up to $15 per hour. Recently the BC provincial budget has been executed. by the new NDP government including the 17% increase on BC's carbon tax April 1, 2018. Now is the question: how will all these changes affecting your business, whether incorporated or sole proprietor? Are you ready for it? We can set up an appointment if you wish to discuss further the implications for your business.
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