A No-fuss TFSA

Ottawa has said all past investments will be protected and the new $50,000 annual threshold will be on a “go-forward basis.” When does the future start? Marc Lamontagne, founding partner at Ottawa-based financial planning firm Ryan Lamontagne Inc., says business owners are wondering if they should be acting now to maximize the grandfathering rules. “Does that mean I have to invest as much money as I can before Dec. 31 or the budget date? Should I go and borrow and invest?” Mr. Lamontagne asks, on behalf of his clients.. 

Small-business owners remain in limbo over how Ottawa’s latest proposed tax changes will affect their livelihoods. While the federal Liberal government recently removed some of the controversial proposals tabled in July, there’s still uncertainty around pending changes to income sprinkling and a cap on passive investments.

Brenda Bouw, October 26 2017

PDF text: Five Unanswered Questions About the Liberals’ Proposed Small Business Tax Changes

Link: https://beta.theglobeandmail.com/report-on-business/small-business/sb-money/five-unanswered-questions-about-the-liberals-proposed-small-business-tax-changes/article36744194/?ref=http://www.theglobeandmail.com&