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Proposed Changes to Leave Canadians Feeling Sick? Dear TPC Financial Group Ltd. clients, associates, and other interested professionals, TPC Financial Group Ltd. works with professionals and business owners across Canada. Many of you might also be aware, while we service clients in all corners of the country; we ourselves are a family-run business. As such,…

Open Letter to Bill Morneau Dear TPC Financial Group Ltd. clients, associates, and other interested professionals, TPC Financial Group Ltd. works with professionals and business owners across Canada. Many of you might also be aware, while we service clients in all corners of the country; we ourselves are a family-run business. As such, we are…

Dear TPC Financial Group Ltd. clients, associates, and other interested professionals, As part of our commitment to professionals and business owners across Canada, our office has been doing our best to keep all parties informed of ongoing developments related to Bill Morneau’s proposed tax changes, as well as to help spread information to the general…

TPC Financial Group Ltd. is committed to keeping all impacted individuals informed of new developments related to Bill Morneau’s proposed tax changes. As you are likely aware, the changes relate to perceived tax “loopholes” that are being used by professionals and small business owners across Canada. The proposed changes look to address the following items:…

As discussed in our previous newsletters, our office is committed to keeping all clients and associates informed of the proposed changes set forth in federal Finance Minister Bill Morneau’s discussion paper. The proposed changes stand to impact professionals at all stages of their careers, and without a strong and unified response from those potentially affected, there…

To TPC Financial Group Ltd. clients, associates, and other interested professionals, As you are aware, on July 18th Finance Minister Bill Morneau proposed changes with regards to tax legislation around perceived “loopholes” in the system. These changes would specifically target individuals that they deem high-income earners and individuals with corporations or small businesses. The changes…

As you may be aware, Bill Morneau, the federal finance minister, made an announcement today that the federal government is proposing to make three tax changes to target what they perceive to be “loopholes” in the system. These changes would specifically target individuals that they deem high-income earners and individuals with corporations or small businesses.…

  Please note the Budget did not propose many changes to the Federal Income Tax laws.  The Federal personal income tax rates remain unchanged.  In addition, both the Federal general and small business corporate income tax rates remain unchanged. There will be discussion papers regarding income sprinkling to family members, as well as corporately held…

Please keep the following dates in mind as tax season approaches.  If you have any questions, please contact the office – we’re glad to be of assistance. 2016 RRSP Contribution Deadline:  March 1, 2017 Please be aware that if you want to deduct RRSP contributions on your 2016 income tax return, they must be done…

On October 3, 2016, the federal government announced an important administrative change for reporting the sales of principal residences. Previously, the government’s administrative position was that you did not have to report the sale of your home (on your income tax return) as long as you lived in it as your principal place of residence…