#small business accountant toronto

[transcounts0]

THE TOP PAYROLL SERVICES IN TORONTO

Running a small business is rewarding, but it also comes with a lot of administrative tasks. Payroll and bookkeeping are two crucial yet time-consuming aspects that can quickly become overwhelming. Whether you require payroll services in Toronto or bookkeeping support in Vancouver, Transcounts is your one-stop shop for all your business needs. We offer a personalized approach, ensuring our services cater to your specific requirements and budget.

[jodex99]

The Essential Guide to Finding the Right Small Business Accountant in Toronto

Introduction: As a small business owner in Toronto, managing your finances effectively is crucial for success. One of the key players in this aspect is your accountant. A skilled small business accountant can help you navigate complex financial matters, optimize tax strategies, and ensure compliance with regulations. In this guide, we'll explore the qualities to look for in a small business accountant in Toronto and provide tips on finding the perfect match for your business.

Understanding Your Business Needs Before diving into the search for an accountant, it's essential to assess your business's financial needs. Consider factors such as your industry, the size of your business, and the specific financial challenges you face. Do you need assistance with bookkeeping, tax planning, payroll management, or all of the above? Clarifying these requirements will help you narrow down your search criteria.

Qualifications and Credentials When evaluating potential accountants, prioritize those with relevant qualifications and credentials. Look for certified public accountants (CPAs) or chartered professional accountants (CPAs) who have experience working with small businesses in Toronto. These professionals have undergone rigorous training and are equipped to handle various financial tasks competently.

Industry Experience In addition to qualifications, consider an accountant's industry experience. An accountant familiar with your industry's nuances and challenges can provide valuable insights and tailored solutions. Whether you're in retail, hospitality, technology, or another sector, seek an accountant who understands the intricacies of your business landscape.

Proven Track Record A reputable small business accountant should have a track record of success. Ask for references or client testimonials to gauge their past performance and client satisfaction levels. A reliable accountant will have a history of delivering accurate financial reports, minimizing tax liabilities, and offering proactive financial advice.

Communication and Accessibility Effective communication is paramount in the accountant-client relationship. Ensure that the accountant you choose communicates clearly, promptly, and in a manner that you understand. Accessibility is also crucial; you should feel comfortable reaching out to your accountant whenever you have questions or need assistance.

Technology and Innovation In today's digital age, accounting practices are increasingly reliant on technology and automation. Consider an accountant who embraces modern accounting software, cloud-based solutions, and digital tools. These technologies streamline processes, enhance accuracy, and provide real-time insights into your financial health.

Cost-Effective Services While cost shouldn't be the sole determining factor, it's essential to find an accountant who offers cost-effective services tailored to your budget. Compare fee structures, pricing models, and the scope of services included. Remember that investing in a skilled accountant is an investment in the long-term financial health of your business.

Conclusion: Finding the right small business accountant in Toronto requires careful consideration of qualifications, experience, communication style, and technological proficiency. By assessing your business needs and conducting thorough research, you can identify an accountant who not only meets your financial requirements but also contributes to your business's growth and success. Partnering with the right accountant empowers you to make informed financial decisions and achieve your business goals effectively.

[savassociates]

Need expert financial guidance? Our small business accountants in Toronto at SAV Associates offer top-notch advisory services. Maximize your business potential today!

[debitmachinecanada]

Visa, Mastercard plan to hike credit-card fees

Aug 30 (Reuters) – Global payments processors Visa (V.N) and Mastercard (MA.N) are planning to increase fees that many merchants pay when they accept customers’ credit cards, the Wall Street Journal reported on Wednesday. The fee increases are scheduled to start in October and April, according to the report, which cited people familiar with the matter and documents viewed by the WSJ. Many of the…

[juancarloscarlos861]

JTT Accounting - Toronto & GTA Accountant

Toronto Accounting Firm - Our Toronto and GTA accountants are committed to assisting you be successful. Accounting services that help drive your business.

[masllp]

Streamline Your Finances with Bookkeeping services in Toronto

In the dynamic landscape of Canadian business, maintaining accurate and organized financial records is essential for success. From startups to established enterprises, businesses of all sizes rely on efficient bookkeeping practices to track transactions, monitor cash flow, and make informed decisions. At MAS LLP, we understand the importance of sound financial management, and our comprehensive Bookkeeping services in Toronto are designed to help Canadian businesses thrive.

Here's why MAS LLP is your trusted partner for Bookkeeping services in Toronto:

Accuracy and Compliance: Our team of experienced bookkeepers is well-versed in Canadian accounting standards and regulations, ensuring that your financial records are accurate, up-to-date, and compliant with regulatory requirements. With MAS LLP handling your bookkeeping, you can have peace of mind knowing that your financial data is in expert hands. 2. Tailored Solutions: We understand that every business is unique, with its own set of challenges and objectives. That's why we offer customized bookkeeping solutions tailored to meet the specific needs of your business. Whether you're a small business owner, a non-profit organization, or a multinational corporation, MAS LLP has the expertise and flexibility to support your financial goals.

Efficiency and Productivity: Outsourcing your bookkeeping to MAS LLP allows you to focus on what you do best – running your business. By leveraging our expertise and resources, you can streamline your financial operations, reduce administrative burden, and free up valuable time and resources to invest in core business activities.

Real-Time Insights: Timely access to financial data is crucial for making informed decisions and driving business growth. With MAS LLP's Bookkeeping services in Toronto, you gain access to real-time insights into your financial performance, enabling you to identify trends, spot opportunities, and address challenges proactively.

Cost-Effectiveness: In-house bookkeeping can be costly and resource-intensive, especially for small and medium-sized businesses. Outsourcing your bookkeeping to MAS LLP allows you to benefit from professional expertise and technology infrastructure at a fraction of the cost of hiring and maintaining an in-house team.

Scalability and Flexibility: Whether your business is experiencing rapid growth or seasonal fluctuations, MAS LLP's Bookkeeping services in Toronto are scalable and adaptable to your changing needs. We can ramp up or downsize our services as needed, providing the flexibility to align with your business's evolving requirements.

Collaborative Partnership: At MAS LLP, we believe in building long-term relationships with our clients based on trust, transparency, and mutual success. Our team of bookkeeping professionals is committed to understanding your business goals and working collaboratively to help you achieve them. We serve as trusted advisors, providing strategic guidance and support every step of the way. From basic bookkeeping tasks to complex financial reporting, MAS LLP has the expertise and resources to meet your bookkeeping needs with precision and professionalism. Contact us today to learn more about how our Bookkeeping services in Toronto can help streamline your finances and drive business success in Toronto.

[stereopticons]

How long do you think it took Patrick to get to Schitt’s Creek once he left where he was before?

Not long, I don’t think. I think he and Rachel lived in their hometown and he left the apartment to her (along with the ring and enough money m his savings to cover his portion of the rent for the rest of the term of their lease) and went back to his parents’ place to recoup. He wanted to go farther but that was a lot of money he took out of his savings so he needed a plan. He looked for jobs in Toronto or Montreal but he needed a change that was more than just leaving Rachel, and he needed to get out of the faceless corporate accounting world. So he started looking for small business accounting jobs and somehow came across a job posting from someone named Ray in town with a ridiculous name. He applied, thinking the post was either a joke or Ray was a serial killer but on the off chance it was real, it was a perfect opportunity. Ray wanted him to start right away and all of his stuff was still packed in his car, so he left the next day.

[bestaccountingfirmtoronto]

Hire the Best Accounting Firm Toronto on a Small Business Budget!

Chartered Professional Accountant

BBS Chartered Professional Accountants stands as the premier choice for accounting services in Toronto, catering even to businesses operating within tight budgets. Our specialization lies in providing comprehensive accounting, bookkeeping, and tax solutions tailored explicitly to address the unique demands of small businesses in the Toronto area.

At BBS Accounting CPA, our dedicated team is committed to furnishing you with exceptional financial support and expertise, ensuring the robust financial growth of your small business. Here's what distinguishes us:

Comprehensive Accounting Services: We offer an extensive array of Accounting Services that encompass all facets of your financial needs. Whether it's bookkeeping management or tax preparation, we've got your back.

Customized Solutions: We recognize that small businesses grapple with distinct financial challenges and aspirations. Our services are meticulously tailored to align with your specific requirements, facilitating the realization of your financial goals.

Expert Proficiency: Our team comprises Chartered Professional Accountants (CPAs) armed with profound knowledge and experience in the field. We remain abreast of the latest tax regulations and accounting standards to furnish you with precise and compliant services.

Cost-Effective Solutions: We firmly believe that every small business should have access to top-tier accounting services. Hence, we proffer competitive rates that align with your budget, ensuring you receive unmatched value for your investment.

Local Insight: Being a Toronto-based firm, we possess an intimate understanding of the local business environment and regulatory landscape. This localized expertise empowers us to offer insights and strategies that can significantly benefit your business.

Dependability: Count on us to meet deadlines, deliver punctual financial reports, and be readily available when you require our assistance. We are unwavering in our commitment to bolster your business's success, taking your financial affairs with utmost seriousness.

Client-Centric Philosophy: Your contentment is paramount to us. We actively endeavor to cultivate enduring, robust relationships with our clients, and we stand ever-ready to address your queries and concerns.

Whether you're embarking on a new venture or seeking to streamline your financial operations, BBS Chartered Professional Accountants is your steadfast partner in Toronto. Let us shoulder the burden of number-crunching so you can channel your energies into what you excel at—nurturing the growth of your business. Contact us today to initiate a discussion about your accounting and financial needs with our proficient team.

[designatedgrape]

📚

A year and a half ago, I started to write an enemies-to-lovers fic where D&P work at the same company in New York. David is a graphic designer who has been there for years, looking to a management-level position, and Patrick is a digital web strategist who just transferred from Toronto, looking to prove himself in his new office. They're competing for a promotion while simultaneously being thrown together to work on the same account (branding and web design for a Rose Apothecary-like small business run by Heather Warner). Arguments, misunderstandings, sudden realizations that maybe neither of them is actually as terrible as the other thought, yadda yadda yadda...and then they fall in love.

Literally the entire thing spawned from wanting a) more fics where they genuinely dislike each other at first, and b) hate sex that included someone pulling on someone else's tie.

I spent a long time brainstorming, researching (shoutout to @sarahlevys for a ton of help), and plotting; wrote about 3k of actual fic, and realized it just wasn't going to happen. C'est la vie!

Send me a book emoji and I'll tell you about a fic I'm never going to write!

[savassociates]

Toronto's Leading Small Business Accountant | Sav Associates

SAV Associates provides expert small business accounting services in Toronto. Trust our experienced accountants for reliable taxation solutions. Contact us today!

https://www.savassociates.ca/taxation/

[revolutioninformationnewsblog]

Trudeau to Call Vote on Contentious Tax Change This Week https://www.merchant-business.com/trudeau-to-call-vote-on-contentious-tax-change-this-week/?feed_id=23819&_unique_id=6666b73496942 Trudeau to Call Vote on Contentious Tax Change This Week Business Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. Author of the article: Bloomberg News Christine Dobby and Brian Platt Published Jun 09, 2024  •  Last updated 39 minutes ago  •  3 minute read Justin Trudeau, Canada’s prime minister, during an event at the Canadian Chamber of Commerce in Ottawa, Ontario, Canada, on Monday, April 15, 2024. Trudeau’s government will provide low-cost leases of public land to developers and push factory construction of homes as part of what it calls a historic plan to alleviate Canada’s housing crisis. Photographer: David Kawai/Bloomberg Photo by David Kawai /Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. But groups including venture capitalists, startup founders and junior mining companies will have to wait longer to learn if their specific concerns about the policy have been addressed, according to government officials who spoke with Bloomberg. The legislation to implement the tax change isn’t ready yet.  THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. Business Sign In or Create an Account or Article content The main components of the capital gains changes will be unveiled in a motion published in Parliament on Monday, Finance Minister Chrystia Freeland said in a speech in Toronto on Sunday. She said the motion will stick to the “broad outlines” that were announced in April, including an implementation date of June 25.  “Tomorrow we will introduce changes that will result in a small number of Canadians paying a little more in tax,” Freeland said. The plans to increase the capital-gains tax on companies and on individuals in years when they record gains of more than C$250,000 ($182,000).  Currently, half of those gains are subject to corporate or personal income tax; that will rise to two-thirds. Exemptions and reductions are available for owners of certain small businesses, farms and fishing operations.   

However, a handful of other programs that are related to the capital-gains change will need to be addressed in legislation. The details of that bill may still be weeks away, said officials who requested anonymity in order to speak on the government’s plans. That includes the Canadian Entrepreneur’s Incentive announced in Freeland’s budget for this year, which proposed a reduced inclusion rate of 33.3% on a maximum of C$2 million in eligible capital gains for company founders, in certain cases. Freeland has indicated she’s open to tweaking the rules of that program, but that would be in the draft bill.  Article content Junior miners will also have to wait for the bill to see if changes are coming to tax credits aimed at boosting the sector. The mining industry has warned the capital-gains hike significantly hurts the value of those credits, which are meant to help companies raise money to explore for critical minerals like copper, nickel and lithium. With the House of Commons set to go on summer break around June 21, the tax bill will most likely be formally introduced in September. In the meantime, draft legislation may be published over the summer by the finance department, officials said. They stressed that all the core aspects of the capital gains hike will be included in Monday’s motion. Overall, the capital gains tax hike has attracted widespread criticism from business groups, who argue it will hurt Canada’s ability to attract investment and worsen productivity woes.  Trudeau said last month that the tax change is about asking the wealthy to contribute more to society. His main opponent, Conservative Leader Pierre Poilievre, has not yet said how he would vote on the measure. Freeland’s budget estimated the measure will raise almost C$20 billion in new tax revenue over five years — though that figure rests on the assumption that some investors will rush to sell assets by June 24. That’s the last day to realize a gain at the current lower tax rate.   (Updates with additional information on the tax measures, beginning in the second paragraph.) Article content Source of this programme “This is one beautiful extension!” “Canadian Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in…” Source: Read More Source Link: https://financialpost.com/pmn/business-pmn/trudeau-to-call-vote-on-contentious-tax-change-this-week #Business – BLOGGER – Business The post Trudeau to Call Vote on Contentious Tax Change This Week appeared first on Merchant Business News. Buy, Sell, Get Informed, Negotiate and Be Happy! Business, Global - BLOGGER - #Business #Global

[productinternetnews]

Trudeau to Call Vote on Contentious Tax Change This Week https://www.merchant-business.com/trudeau-to-call-vote-on-contentious-tax-change-this-week/?feed_id=23818&_unique_id=6666b733efd27 Trudeau to Call Vote on Contentious Tax Change This Week Business Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. Author of the article: Bloomberg News Christine Dobby and Brian Platt Published Jun 09, 2024  •  Last updated 39 minutes ago  •  3 minute read Justin Trudeau, Canada’s prime minister, during an event at the Canadian Chamber of Commerce in Ottawa, Ontario, Canada, on Monday, April 15, 2024. Trudeau’s government will provide low-cost leases of public land to developers and push factory construction of homes as part of what it calls a historic plan to alleviate Canada’s housing crisis. Photographer: David Kawai/Bloomberg Photo by David Kawai /Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. But groups including venture capitalists, startup founders and junior mining companies will have to wait longer to learn if their specific concerns about the policy have been addressed, according to government officials who spoke with Bloomberg. The legislation to implement the tax change isn’t ready yet.  THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. Business Sign In or Create an Account or Article content The main components of the capital gains changes will be unveiled in a motion published in Parliament on Monday, Finance Minister Chrystia Freeland said in a speech in Toronto on Sunday. She said the motion will stick to the “broad outlines” that were announced in April, including an implementation date of June 25.  “Tomorrow we will introduce changes that will result in a small number of Canadians paying a little more in tax,” Freeland said. The plans to increase the capital-gains tax on companies and on individuals in years when they record gains of more than C$250,000 ($182,000).  Currently, half of those gains are subject to corporate or personal income tax; that will rise to two-thirds. Exemptions and reductions are available for owners of certain small businesses, farms and fishing operations.   

However, a handful of other programs that are related to the capital-gains change will need to be addressed in legislation. The details of that bill may still be weeks away, said officials who requested anonymity in order to speak on the government’s plans. That includes the Canadian Entrepreneur’s Incentive announced in Freeland’s budget for this year, which proposed a reduced inclusion rate of 33.3% on a maximum of C$2 million in eligible capital gains for company founders, in certain cases. Freeland has indicated she’s open to tweaking the rules of that program, but that would be in the draft bill.  Article content Junior miners will also have to wait for the bill to see if changes are coming to tax credits aimed at boosting the sector. The mining industry has warned the capital-gains hike significantly hurts the value of those credits, which are meant to help companies raise money to explore for critical minerals like copper, nickel and lithium. With the House of Commons set to go on summer break around June 21, the tax bill will most likely be formally introduced in September. In the meantime, draft legislation may be published over the summer by the finance department, officials said. They stressed that all the core aspects of the capital gains hike will be included in Monday’s motion. Overall, the capital gains tax hike has attracted widespread criticism from business groups, who argue it will hurt Canada’s ability to attract investment and worsen productivity woes.  Trudeau said last month that the tax change is about asking the wealthy to contribute more to society. His main opponent, Conservative Leader Pierre Poilievre, has not yet said how he would vote on the measure. Freeland’s budget estimated the measure will raise almost C$20 billion in new tax revenue over five years — though that figure rests on the assumption that some investors will rush to sell assets by June 24. That’s the last day to realize a gain at the current lower tax rate.   (Updates with additional information on the tax measures, beginning in the second paragraph.) Article content Source of this programme “This is one beautiful extension!” “Canadian Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in…” Source: Read More Source Link: https://financialpost.com/pmn/business-pmn/trudeau-to-call-vote-on-contentious-tax-change-this-week #Business – BLOGGER – Business The post Trudeau to Call Vote on Contentious Tax Change This Week appeared first on Merchant Business News. Buy, Sell, Get Informed, Negotiate and Be Happy! Business, Global

[marketingnewsbusinessmerchant]

Trudeau to Call Vote on Contentious Tax Change This Week - #Business #Global https://www.merchant-business.com/trudeau-to-call-vote-on-contentious-tax-change-this-week/?feed_id=23817&_unique_id=6666b73355547 Trudeau to Call Vote on Contentious Tax Change This Week Business Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. Author of the article: Bloomberg News Christine Dobby and Brian Platt Published Jun 09, 2024  •  Last updated 39 minutes ago  •  3 minute read Justin Trudeau, Canada’s prime minister, during an event at the Canadian Chamber of Commerce in Ottawa, Ontario, Canada, on Monday, April 15, 2024. Trudeau’s government will provide low-cost leases of public land to developers and push factory construction of homes as part of what it calls a historic plan to alleviate Canada’s housing crisis. Photographer: David Kawai/Bloomberg Photo by David Kawai /Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. But groups including venture capitalists, startup founders and junior mining companies will have to wait longer to learn if their specific concerns about the policy have been addressed, according to government officials who spoke with Bloomberg. The legislation to implement the tax change isn’t ready yet.  THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. Business Sign In or Create an Account or Article content The main components of the capital gains changes will be unveiled in a motion published in Parliament on Monday, Finance Minister Chrystia Freeland said in a speech in Toronto on Sunday. She said the motion will stick to the “broad outlines” that were announced in April, including an implementation date of June 25.  “Tomorrow we will introduce changes that will result in a small number of Canadians paying a little more in tax,” Freeland said. The plans to increase the capital-gains tax on companies and on individuals in years when they record gains of more than C$250,000 ($182,000).  Currently, half of those gains are subject to corporate or personal income tax; that will rise to two-thirds. Exemptions and reductions are available for owners of certain small businesses, farms and fishing operations.   

However, a handful of other programs that are related to the capital-gains change will need to be addressed in legislation. The details of that bill may still be weeks away, said officials who requested anonymity in order to speak on the government’s plans. That includes the Canadian Entrepreneur’s Incentive announced in Freeland’s budget for this year, which proposed a reduced inclusion rate of 33.3% on a maximum of C$2 million in eligible capital gains for company founders, in certain cases. Freeland has indicated she’s open to tweaking the rules of that program, but that would be in the draft bill.  Article content Junior miners will also have to wait for the bill to see if changes are coming to tax credits aimed at boosting the sector. The mining industry has warned the capital-gains hike significantly hurts the value of those credits, which are meant to help companies raise money to explore for critical minerals like copper, nickel and lithium. With the House of Commons set to go on summer break around June 21, the tax bill will most likely be formally introduced in September. In the meantime, draft legislation may be published over the summer by the finance department, officials said. They stressed that all the core aspects of the capital gains hike will be included in Monday’s motion. Overall, the capital gains tax hike has attracted widespread criticism from business groups, who argue it will hurt Canada’s ability to attract investment and worsen productivity woes.  Trudeau said last month that the tax change is about asking the wealthy to contribute more to society. His main opponent, Conservative Leader Pierre Poilievre, has not yet said how he would vote on the measure. Freeland’s budget estimated the measure will raise almost C$20 billion in new tax revenue over five years — though that figure rests on the assumption that some investors will rush to sell assets by June 24. That’s the last day to realize a gain at the current lower tax rate.   (Updates with additional information on the tax measures, beginning in the second paragraph.) Article content Source of this programme “This is one beautiful extension!” “Canadian Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in…” Source: Read More Source Link: https://financialpost.com/pmn/business-pmn/trudeau-to-call-vote-on-contentious-tax-change-this-week #Business – BLOGGER – Business The post Trudeau to Call Vote on Contentious Tax Change This Week appeared first on Merchant Business News. Buy, Sell, Get Informed, Negotiate and Be Happy! Business, Global Trudeau to Call Vote on Contentious Tax Change This Week Business Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. Author of the … Read More

[businessnewswebsiteonline]

Trudeau to Call Vote on Contentious Tax Change This Week - #Business #Global https://www.merchant-business.com/trudeau-to-call-vote-on-contentious-tax-change-this-week/?feed_id=23816&_unique_id=6666b4e23e301 Trudeau to Call Vote on Contentious Tax Change This Week Business Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. Author of the article: Bloomberg News Christine Dobby and Brian Platt Published Jun 09, 2024  •  Last updated 39 minutes ago  •  3 minute read Justin Trudeau, Canada’s prime minister, during an event at the Canadian Chamber of Commerce in Ottawa, Ontario, Canada, on Monday, April 15, 2024. Trudeau’s government will provide low-cost leases of public land to developers and push factory construction of homes as part of what it calls a historic plan to alleviate Canada’s housing crisis. Photographer: David Kawai/Bloomberg Photo by David Kawai /Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. But groups including venture capitalists, startup founders and junior mining companies will have to wait longer to learn if their specific concerns about the policy have been addressed, according to government officials who spoke with Bloomberg. The legislation to implement the tax change isn’t ready yet.  THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. Business Sign In or Create an Account or Article content The main components of the capital gains changes will be unveiled in a motion published in Parliament on Monday, Finance Minister Chrystia Freeland said in a speech in Toronto on Sunday. She said the motion will stick to the “broad outlines” that were announced in April, including an implementation date of June 25.  “Tomorrow we will introduce changes that will result in a small number of Canadians paying a little more in tax,” Freeland said. The plans to increase the capital-gains tax on companies and on individuals in years when they record gains of more than C$250,000 ($182,000).  Currently, half of those gains are subject to corporate or personal income tax; that will rise to two-thirds. Exemptions and reductions are available for owners of certain small businesses, farms and fishing operations.   

However, a handful of other programs that are related to the capital-gains change will need to be addressed in legislation. The details of that bill may still be weeks away, said officials who requested anonymity in order to speak on the government’s plans. That includes the Canadian Entrepreneur’s Incentive announced in Freeland’s budget for this year, which proposed a reduced inclusion rate of 33.3% on a maximum of C$2 million in eligible capital gains for company founders, in certain cases. Freeland has indicated she’s open to tweaking the rules of that program, but that would be in the draft bill.  Article content Junior miners will also have to wait for the bill to see if changes are coming to tax credits aimed at boosting the sector. The mining industry has warned the capital-gains hike significantly hurts the value of those credits, which are meant to help companies raise money to explore for critical minerals like copper, nickel and lithium. With the House of Commons set to go on summer break around June 21, the tax bill will most likely be formally introduced in September. In the meantime, draft legislation may be published over the summer by the finance department, officials said. They stressed that all the core aspects of the capital gains hike will be included in Monday’s motion. Overall, the capital gains tax hike has attracted widespread criticism from business groups, who argue it will hurt Canada’s ability to attract investment and worsen productivity woes.  Trudeau said last month that the tax change is about asking the wealthy to contribute more to society. His main opponent, Conservative Leader Pierre Poilievre, has not yet said how he would vote on the measure. Freeland’s budget estimated the measure will raise almost C$20 billion in new tax revenue over five years — though that figure rests on the assumption that some investors will rush to sell assets by June 24. That’s the last day to realize a gain at the current lower tax rate.   (Updates with additional information on the tax measures, beginning in the second paragraph.) Article content Source of this programme “This is one beautiful extension!” “Canadian Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in…” Source: Read More Source Link: https://financialpost.com/pmn/business-pmn/trudeau-to-call-vote-on-contentious-tax-change-this-week #Business – BLOGGER – Business The post Trudeau to Call Vote on Contentious Tax Change This Week appeared first on Merchant Business News. Buy, Sell, Get Informed, Negotiate and Be Happy! Business, Global BLOGGER - #Business #Global

[timenewsbusiness]

Trudeau to Call Vote on Contentious Tax Change This Week https://www.merchant-business.com/trudeau-to-call-vote-on-contentious-tax-change-this-week/?feed_id=23815&_unique_id=6666b4e1af903 Trudeau to Call Vote on Contentious Tax Change This Week Business Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. Author of the article: Bloomberg News Christine Dobby and Brian Platt Published Jun 09, 2024  •  Last updated 39 minutes ago  •  3 minute read Justin Trudeau, Canada’s prime minister, during an event at the Canadian Chamber of Commerce in Ottawa, Ontario, Canada, on Monday, April 15, 2024. Trudeau’s government will provide low-cost leases of public land to developers and push factory construction of homes as part of what it calls a historic plan to alleviate Canada’s housing crisis. Photographer: David Kawai/Bloomberg Photo by David Kawai /Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. But groups including venture capitalists, startup founders and junior mining companies will have to wait longer to learn if their specific concerns about the policy have been addressed, according to government officials who spoke with Bloomberg. The legislation to implement the tax change isn’t ready yet.  THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. Business Sign In or Create an Account or Article content The main components of the capital gains changes will be unveiled in a motion published in Parliament on Monday, Finance Minister Chrystia Freeland said in a speech in Toronto on Sunday. She said the motion will stick to the “broad outlines” that were announced in April, including an implementation date of June 25.  “Tomorrow we will introduce changes that will result in a small number of Canadians paying a little more in tax,” Freeland said. The plans to increase the capital-gains tax on companies and on individuals in years when they record gains of more than C$250,000 ($182,000).  Currently, half of those gains are subject to corporate or personal income tax; that will rise to two-thirds. Exemptions and reductions are available for owners of certain small businesses, farms and fishing operations.   

However, a handful of other programs that are related to the capital-gains change will need to be addressed in legislation. The details of that bill may still be weeks away, said officials who requested anonymity in order to speak on the government’s plans. That includes the Canadian Entrepreneur’s Incentive announced in Freeland’s budget for this year, which proposed a reduced inclusion rate of 33.3% on a maximum of C$2 million in eligible capital gains for company founders, in certain cases. Freeland has indicated she’s open to tweaking the rules of that program, but that would be in the draft bill.  Article content Junior miners will also have to wait for the bill to see if changes are coming to tax credits aimed at boosting the sector. The mining industry has warned the capital-gains hike significantly hurts the value of those credits, which are meant to help companies raise money to explore for critical minerals like copper, nickel and lithium. With the House of Commons set to go on summer break around June 21, the tax bill will most likely be formally introduced in September. In the meantime, draft legislation may be published over the summer by the finance department, officials said. They stressed that all the core aspects of the capital gains hike will be included in Monday’s motion. Overall, the capital gains tax hike has attracted widespread criticism from business groups, who argue it will hurt Canada’s ability to attract investment and worsen productivity woes.  Trudeau said last month that the tax change is about asking the wealthy to contribute more to society. His main opponent, Conservative Leader Pierre Poilievre, has not yet said how he would vote on the measure. Freeland’s budget estimated the measure will raise almost C$20 billion in new tax revenue over five years — though that figure rests on the assumption that some investors will rush to sell assets by June 24. That’s the last day to realize a gain at the current lower tax rate.   (Updates with additional information on the tax measures, beginning in the second paragraph.) Article content Source of this programme “This is one beautiful extension!” “Canadian Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in…” Source: Read More Source Link: https://financialpost.com/pmn/business-pmn/trudeau-to-call-vote-on-contentious-tax-change-this-week #Business – BLOGGER – Business The post Trudeau to Call Vote on Contentious Tax Change This Week appeared first on Merchant Business News. Buy, Sell, Get Informed, Negotiate and Be Happy!

[wolrdbusinessblog]

Trudeau to Call Vote on Contentious Tax Change This Week https://www.merchant-business.com/trudeau-to-call-vote-on-contentious-tax-change-this-week/?feed_id=23814&_unique_id=6666b4e122c99 Trudeau to Call Vote on Contentious Tax Change This Week Business Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. Author of the article: Bloomberg News Christine Dobby and Brian Platt Published Jun 09, 2024  •  Last updated 39 minutes ago  •  3 minute read Justin Trudeau, Canada’s prime minister, during an event at the Canadian Chamber of Commerce in Ottawa, Ontario, Canada, on Monday, April 15, 2024. Trudeau’s government will provide low-cost leases of public land to developers and push factory construction of homes as part of what it calls a historic plan to alleviate Canada’s housing crisis. Photographer: David Kawai/Bloomberg Photo by David Kawai /Bloomberg (Bloomberg) — Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community. But groups including venture capitalists, startup founders and junior mining companies will have to wait longer to learn if their specific concerns about the policy have been addressed, according to government officials who spoke with Bloomberg. The legislation to implement the tax change isn’t ready yet.  THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. Business Sign In or Create an Account or Article content The main components of the capital gains changes will be unveiled in a motion published in Parliament on Monday, Finance Minister Chrystia Freeland said in a speech in Toronto on Sunday. She said the motion will stick to the “broad outlines” that were announced in April, including an implementation date of June 25.  “Tomorrow we will introduce changes that will result in a small number of Canadians paying a little more in tax,” Freeland said. The plans to increase the capital-gains tax on companies and on individuals in years when they record gains of more than C$250,000 ($182,000).  Currently, half of those gains are subject to corporate or personal income tax; that will rise to two-thirds. Exemptions and reductions are available for owners of certain small businesses, farms and fishing operations.   

However, a handful of other programs that are related to the capital-gains change will need to be addressed in legislation. The details of that bill may still be weeks away, said officials who requested anonymity in order to speak on the government’s plans. That includes the Canadian Entrepreneur’s Incentive announced in Freeland’s budget for this year, which proposed a reduced inclusion rate of 33.3% on a maximum of C$2 million in eligible capital gains for company founders, in certain cases. Freeland has indicated she’s open to tweaking the rules of that program, but that would be in the draft bill.  Article content Junior miners will also have to wait for the bill to see if changes are coming to tax credits aimed at boosting the sector. The mining industry has warned the capital-gains hike significantly hurts the value of those credits, which are meant to help companies raise money to explore for critical minerals like copper, nickel and lithium. With the House of Commons set to go on summer break around June 21, the tax bill will most likely be formally introduced in September. In the meantime, draft legislation may be published over the summer by the finance department, officials said. They stressed that all the core aspects of the capital gains hike will be included in Monday’s motion. Overall, the capital gains tax hike has attracted widespread criticism from business groups, who argue it will hurt Canada’s ability to attract investment and worsen productivity woes.  Trudeau said last month that the tax change is about asking the wealthy to contribute more to society. His main opponent, Conservative Leader Pierre Poilievre, has not yet said how he would vote on the measure. Freeland’s budget estimated the measure will raise almost C$20 billion in new tax revenue over five years — though that figure rests on the assumption that some investors will rush to sell assets by June 24. That’s the last day to realize a gain at the current lower tax rate.   (Updates with additional information on the tax measures, beginning in the second paragraph.) Article content Source of this programme “This is one beautiful extension!” “Canadian Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in…” Source: Read More Source Link: https://financialpost.com/pmn/business-pmn/trudeau-to-call-vote-on-contentious-tax-change-this-week #Business – BLOGGER – Business The post Trudeau to Call Vote on Contentious Tax Change This Week appeared first on Merchant Business News. Buy, Sell, Get Informed, Negotiate and Be Happy! Business, Global