Why the Most Successful Business Owners Never Build Alone
This article is for educational purposes only and does not constitute individual financial, tax, or…
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What Happens to Your Money When You Die in Canada?
Canada does not have an estate tax. But when you die, the government may still take a large share of your money. Learn what really happens — in simple, clear language. By Esther Sande, RWM™, Horizon Growth.
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How to Reduce Taxes for Business Owners in Canada
Compliance Disclaimer This content is for educational purposes only and does not constitute legal, tax,…
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How Parkinson’s Law Is Quietly Eating Your Savings. And How to Fight Back
Parkinson’s Law is silently wrecking your finances. Discover how this mindset trap causes high earners to overspend and learn 3 powerful strategies to save more, build wealth, and stay financially disciplined.
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Why Profitable Businesses Still Fail at Wealth Creation (And How to Fix It)
Can a business that makes good money still be losing value? This is a question…
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Tax Tips for Filing Your 2024 Income Tax Return
Get ahead of tax season! Discover what’s new for 2024—from increased CPP contributions and Home Buyers’ Plan changes to key deductions and credits. Maximize your refund and avoid costly mistakes.
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2024 Federal Budget Highlights
On April 16, 2024, Canada’s Deputy Prime Minister and Finance Minister, Chrystia Freeland, presented the federal budget.
While there are no changes to federal personal or corporate tax rates, the budget introduces:• An increase in the portion of capital gains subject to tax, rising from 50% to 66.67%, starting June 25, 2024. However, individual gains up to $250,000 annually will retain the 50% rate.
• The lifetime exemption limit for capital gains has been raised to $1.25 million. Additionally, a new one-third inclusion rate is set for up to $2 million in capital gains for entrepreneurs.
• The budget confirms the alternative minimum tax changes planned for January 1, 2024 but lessens their impact on charitable contributions.
• This year’s budget emphasizes making housing more affordable. It provides incentives for building rental properties specifically designed for long-term tenants.
• Introduces new support measures to aid people buying their first homes.
• Costs for specific patents and tech equipment and software can now be written off immediately.
• Canada carbon rebate for small business -
Manitoba’s 2024 Budget Highlights
Manitoba’s 2024 budget introduces vital tax changes and credits, including a new Homeowners Affordability Tax Credit and enhanced Fertility Treatment Tax Credit, aiming to support individuals and businesses alike
