New passive income rules (PDF, 735 KB) 

Learn why new tax rules may limit access to the small business deduction for CCPCs with more than $50,000 of passive income and strategies to minimize the impact.

Professional Inc. (PDF, 590 KB) 

By understanding the tax advantages of professional corporations, some value-added financial solutions are available for professionals.

Update on the Canadian-controlled private corporation (CCPC) tax proposals (PDF, 730 KB) 

March 2018

Jamie Golombek, Managing Director, and Debbie Pearl-Weinberg, Executive Director, Tax and Estate Planning, CIBC Financial Planning and Advice, review the proposed tax changes and set out steps to consider if you have a private corporation structure.  

Video: Update to Private Corporation Tax Changes, March 2018. 4:06.

TFSAs, a smart choice for business owners (PDF, 318 KB) 

Incorporated business owners can choose to invest surplus funds within their corporation or to withdraw these funds and invest personally. Jamie Golombek, Managing Director, Tax and Estate Planning, CIBC Wealth Strategies Group, discusses in this article that, by investing in a TFSA, business owners will generally end up with more after-tax cash at the end of the day, especially when the time horizon is significant.
 

In Good Company: Retaining investment income in your corporation (PDF, 885 KB)

Jamie Golombek, Managing Director, Tax and Estate Planning, CIBC Wealth Strategies Group, examines how investment income earned in a private Canadian corporation is taxed. He shows that, due to an “investment advantage” for most types of investment income in the majority of provinces, it may be best to retain after-tax investment income in your corporation.
 

Tax Tips for Business Owners (PDF, 133 KB) 

Jamie Golombek, Managing Director, Tax and Estate Planning, CIBC Wealth Strategies Group, highlights the advantages and disadvantages associated with different compensation decisions of owner-managers, discusses strategies to minimize taxes, and provides advice on effectively managing business and personal finances.
 

Treat Your Personal Finances Like You Mean Business

Most entrepreneurs are meticulous money managers where their business finances are concerned. But having a plan for your personal finances is just as important, especially since business and personal finances are often interrelated to a significant extent.
 

Do You Give Your Personal Finances Enough Attention?

You may be able to find valuable opportunities to leverage your situation as a business owner. Answer these questions to determine if your personal and business financial arrangements could be better managed.


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