Following changes to the taxation guidelines implemented by the Federal Government, the 2018 budget now reflects provisions designed to fund the implementation of the tax reform initiative. Perhaps most popularly, business owners are to carry a huge chunk of the burden as corporate taxes soar. But are the changing taxation guidelines merely a boon and unnecessary hurdle to the small- and medium-sized business sector?
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 household consumption. The Finance Minister expects similar growth in the near-term. In addition, federal revenues increased by more than 11 per cent in 2017, largely from personal and corporate incom...
No longer just defining lifestyle and business, digital technology has now also successfully invaded the economy. What was once originally intended for use in Internet-based services, Bitcoin and other digital currencies are now moving into mainstream markets, such as real estate. This follows after Bitcoin and other cryptocurrency investors recently enjoyed a spike in their value, and as such, gained prominence in the financial industry. Read More
