taxes
CRA targets incorporated professionals using critical illness insurance to extract corporate cash tax-free — penalties hit 200% plus prison
The CRA says some critical illness insurance arrangements are aggressive tax schemes — here's how to know if yours is one, and what to do if you're already in it
CCPC passive income and the $50,000 threshold: how incorporated professionals lose the small business deduction — and what to do before year-end
Incorporated professionals who hold investments inside their operating corporation may be eroding the small business deduction — one of Canada's most valuable corporate tax breaks.
Lifetime capital gains exemption 2026: how incorporated professionals and small business owners can shelter up to $1.275M in QSBC sales
The lifetime capital gains exemption now shelters up to $1.275 million in gains on a qualifying business sale, but the qualification rules trip up many incorporated professionals.
