Your Business Unleashed Blog :
Tax – Canadian Corporate

2024 Personal Tax Planning Tips for Canadians  As we approach the end of 2024, it’s an ideal time for Canadians to assess their finances and explore strategies to maximize tax savings before the year closes.…

Capital Gains Inclusion Rate Increase Might Not Happen The possibility that the proposed increase in the capital gains inclusion rate, as well as the increase in the lifetime capital gains exemption to $1.25M, may not…

Reduced Credit Card Transaction Fees for Small Businesses? The Government of Canada has introduced changes that it claims will reduce credit card merchant fees by up to 27%, starting on October 19, 2024. which could…

Carbon Tax Rebate for Small Businesses After 5 long years of empty promises, the Government of Canada is finally honoring its commitment to rebate some of the carbon tax paid by small businesses. According to…

Update and answers about the capital gains inclusion rate increase In the 2024 federal budget, release on April 16, 2024, the Liberal government, led by Finance Minister Chrystia Freeland, announced that they intended to increase…

What is the Canadian Entrepreneur’s Incentive (CEI)? Contained in the 2024 Federal Budget is new Canadian Entrepreneur’s Incentive, which gives certain entrepreneurs in a very limited number of industries access to reduced capital gains inclusion…

2024 Lifetime Capital Gains Exemption increased to $1,250,000 The budget will increase the Lifetime Capital Gains Exemption (LCGE) to $1.25 million (from $1,016,836) realized on the disposition of qualified small business corporation shares and qualified…

Federal Budget 2024 Highlights On April 16, 2024, Chrystia Freeland, the Minister of Finance and Deputy Prime Minister, presented her 2024 budget, which projected yet another, whopping, $40 billion deficit. The spin doctors in this…

How does the 2024 capital gains inclusion rate increase impact you and your business? UPDATE: On June 10th, the government released their Notice of Ways and Means motion to the House of Commons. Read the…

Boost Your Digital Presence with the Digital Service Squad Running a small business is demanding, leaving little time for creating an effective online presence. If you're struggling to build a website or devise a social…

Canada Dental Care Plan: Guide for Employees and Employers Health Canada introduced the Canada Dental Care Plan (CDCP) on December 11, 2023, to offer dental coverage to eligible Canadian residents. This initiative provides financial aid…

CRA has confirmed lower interest rates for Q3 of 2024 For the first time in 2 years, the CRA have announced a reduction in its prescribed interest rates. These rates apply on overdue taxes, refund…