• Chamber General Meeting - Business Taxation Proposed Changes

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    Name: Chamber General Meeting - Business Taxation Proposed Changes
    Date: September 19, 2017
    Time: 12:00 PM - 1:00 PM MST
    Registration: Register Now
    Event Description:
    Chamber of Commerce General Luncheon
    Proposed Changes to Taxation for Business

    Speaker:         Heather Hilhorst CPA, CA 
                        MNP
    Heather is a senior Manager in Taxation Services and will discuss the proposed Federal Government Changes to Business Taxation.

    What does this mean for your business?  

    When:  Tuesday September 19th, 2017
    Where:  Woodlands Inn - One Restaurant
    Time:  Noon to 1 pm
    Members $20.00 / Non-Members $25.00
     
    RSVP required by 10 am, Monday September     18th, 2017  
     
    Phone 250-774-2956  or email:  wprouse@fortnelsonchamber.com
    or use the online registration at the top of the page
     
    If your business is incorporated, then you could be facing a larger tax bill and big compliance costs from the government's new proposals to change the way corporations are taxed. 
    Here are three things you need to know about the tax changes proposed by the federal government:
    • Do you employ family members? The government wants to scrutinize their compensation to apply a much higher tax rate on income they consider unreasonable.  
    •  Do you invest the profits from your business? The federal government is proposing to tax that income at an effective rate of 70%.  
    • Do you want to pass your business on to your children? Tough new rules make it difficult for younger kids to get the capital gains exemption. They could be double-taxed.