US Tax Reform 2017: New Pain for US Citizens owning Canadian Businesses – The US “Transition Tax”

Man holding a card with a text Tax Reforms.

The US Tax Reform enacted in December, 2017 made sweeping changes.  In addition to reducing the US corporate rate to a flat 21% in most cases, the law proposed to transition the US to a system of taxing foreign corporate holdings based on the residency of the foreign corporation.  To get there, ...

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Own an Inactive Corporaton? There’s a Tax Write Off for That

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Many business owners and former business owners have inactive corporations. For example, a corporation was created but never used, the underlying business or property of the corporation was sold, or the business is inactive. Besides saving the annual costs to file tax returns, if you are ...

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Tax deadlines for 2018

The countdown to the end of the Tax Year. Ensure you file your tax forms and take advantage of any tax breaks or allowances that are available only within the current tax year. Isolated on white. Good copy space.

With tax season fast approaching, here’s a list of deadlines to keep in mind which can help you file your personal tax returns: April 22nd, 2018 Deadline to set up a pre-authorized debit payments for 2017 to avoid interest charges. April 30th, 2018 Filing due date for 2017 tax returns for ...

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Interns Bring Talent and Drive to Sloan Partners

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The spirit of Sloan Partners resides in its people, and we are always looking for ways to cultivate emerging talent. We have a dynamic internship program that brings multiple interns to join our team throughout the year. Our interns come from different backgrounds and fill a variety of roles ...

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Why the age of retirement is generally accepted to be 65?

retirement age

In 1889, Germany became the first country to adopt a national pension program under the leadership of its first Chancellor,  Otto von Bismarck — the Iron Chancellor. The German system initially was intended for those 70 and older, but the starting age was later lowered to 65, according to ...

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Implications of new tax reforms

tax reforms

Jerry Paskowitz, partner at Morison KSi member firm Sloan Partners, says 2018 is likely to be a good year for business owners to invest in productivity improvements, although he accepts that uncertainty around interest rates movements is a concern. “In January, the Bank of Canada increased the ...

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Canada federal budget 2018 commentary

Federal Budget 2018

The Federal Government’s 2018 Budget touts Canada’s strong economic growth over the past two years, including real GDP growth of 3.2 per cent since the second quarter of 2016, an unemployment rate of 5.9 per cent, and significant improvements in average weekly earnings, consumer confidence, and ...

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Federal Budget 2018 Highlights

Canada flag waving with stack of money coins macro

At 4pm EST today the liberal government delivered its 2018 federal budget. The budget is largely a “stay-the-course” budget with no increases in overall spending.  No major changes to those already communicated in December, 2017 have been tabled.  Clarity has been provided regarding the ...

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CRA suspends assessments for some individual tax returns

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Each year, the Canada Revenue Agency reviews a number of returns to ensure that taxpayers are entitled to the claims that they have made, and that amounts claimed have been correctly calculated. These reviews are an important part of our compliance activities to maintain the integrity of, and ...

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Morison KSi holds its position amongst the top 10 associations in IAB World Survey 2018

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Morison KSi has maintained its ranking as the 9th largest association in the International Accounting Bulletin (IAB) World Survey 2018 Morison KSi has reported a combined fee income of US$1,089.0m, an impressive 9% increase on last year’s figure, and has been ranked the 9th largest association ...

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