Summary of the key federal tax relief initiatives that are intended to provide some assistance to Canadian individual and corporate taxpayers, including certain administrative actions taken by the Canada Revenue Agency and the Tax Court of Canada.
With global economies significantly constrained and markets everywhere in turmoil, it may be prudent to consider whether tax planning is a way in which you can use depressed fair market values to your advantage.
Have you received advice from an accountant or a lawyer on the best way to structure your fishing business? If so, did that advice take the most recent Income Tax Act amendments into consideration? Finding the structure that is optimal for your circumstances can make a world of difference to you and your family.
Nova Scotia can deliver significant benefits to multinational entities as a result of the province’s unique corporate law framework, multinational-friendly tax regime, abundance of government incentives and enticing geographic advantages.