2019 Federal Budget (PDF, 205 KB) Opens a new window in your browser.

The 2019 federal budget (the “Budget”) included a number of tax measures that will affect Canadian taxpayers. Rather than summarize every tax measure included in the Budget document, this report, which was prepared from within the Budget lock-up in Ottawa, will focus on some of the tax measures that are of most interest to individuals.

Retiring Right: Understanding the Taxation of Retirement Income (PDF, 280 KB) Opens a new window in your browser.

What types of income might you receive in retirement? How much tax will you be required to pay on that retirement income? This report provides an overview of the main ways to fund your retirement and describes how each source of funds is taxed.

2018 Year End Tax Tips (PDF, 690 KB) Opens a new window in your browser

Tax planning should be a year-round affair. But as year-end approaches, now is a particularly good time to review your finances. Take advantage of any tax planning opportunities that may be available to you before the December 31 deadline.

New passive income rules (PDF, 445 KB) Opens a new window in your browser

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) Opens a new window in your browser

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) Opens a new window in your browser

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) Opens a new window in your browser

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) Opens a new window in your browser

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) Opens a new window in your browser

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.

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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Kick-start your new business with planning ideas and expert guidance from the CIBC Start Strong Program for Business.

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