May 27, 2019, was a ‘big news day’ for businesses in Alberta!
The Alberta UCP have introduced two bills which may have a substantial impact on your business.
Remember earlier this year when Liberal MP’s claimed that by lowering the small business tax rate to 9% small businesses would save up to up to $7,500 per year in taxes? That didn’t add up to us which is why our Leader, Clayton Achen, dissected this claim in this January vlog that went viral. read more
In the Liberal’s first year in office they quickly discarded a series of ‘Harper era’ tax credits, including the child fitness credit, the child arts credit, the transit pass credit, the textbook and education tax credit, and dependent tax credits – to name a few. They even scrapped Harper’s planed reduction in the small business tax rate to 9% until the private company uprising of 2017, when the Liberals reintroduced the rate reduction. Despite apparently being opposed to ‘boutique benefits’, only three short years later (just in time for the federal election) the Trudeau Liberals have introduced two of their own boutique programs for those wealthy enough to buy new cars: 1) the Incentives for the Zero-Emission Vehicles (iZEV) Program; and 2) an enhanced first-year CCA (tax depreciation) rate of 100% for zero-emission vehicles. read more
“The cloud” has become a buzzword lately, popularized by Apple’s iCloud, Google Drive, and Microsoft’s One Drive backup and syncing technology. The concept may be new to you, and somewhat hard to wrap your head around, but it’s definitely one worth embracing! read more