Frequently Asked Questions: IFS

So you’ve heard of our IFS (Integrated Financial Services) division, but maybe you’ve got some questions about what it is, how it works, and why it could benefit your business. We sat down with Warren, one of the Managers, to answer some of the most commonly asked questions about IFS! Hey, I’m Warren, a Manager…

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Capital Gains: 2025 Update

In April 2024, the Government of Canada announced a proposed increase to the change in the capital gains “inclusion rate” from ½ to 2/3rds for dispositions on or after June 25, 2024. However, with no legislation on the table in Parliament, and with Parliament currently prorogued, there was uncertainty whether this change would become law,…

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2024 Federal Budget Snapshot

On April 16, 2024, the Minister of Finance tabled the 2024 Federal Budget. While no changes were made to the federal personal or corporate tax rates, there are some key changes to be aware of: Effective June 25, 2024, the inclusion rate on any capital gains in a corporation or trust will increase from 1/2 to 2/3.…

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2022 Federal Budget Breakdown

With the release of a new Federal Budget, we wanted to drop a highlight reel of the important changes and new mandates as they relate to business owners (with a few interesting additions). Let’s dive right into the 2022 Federal Budget Breakdown:       Increased Threshold for Small Business Capital  The taxable capital threshold…

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