Date and Time
Wednesday Sep 13, 2017
7:30 AM - 8:30 AM EDT
September 13th | 7:30am - 8:30am
Morning coffee and muffins will be provided.
Location
TownePlace Suite by Marriott, Thunder Bay
550 Harbour Expressway
Fees/Admission
Free for Chamber Members, please register in advance.
For a template letter to send to your MP: http://www.tbchamber.ca/advocacy/corporate_tax/
Description
Are you a business owner?
If your business is incorporated, then you could be facing a larger tax bill and big compliance costs from the government’s new proposals to change the way corporations are taxed.
Join us on September 13th as Diane Zimmerman, Senior Manager with Grant Thornton to learn more about the proposed changes.
Here are three things you need to know about the tax changes proposed by the federal government:
1. Do you employ family members? The government wants to scrutinize their compensation to apply a much higher tax rate on income they consider “unreasonable”.
2. Do you invest the profits from your business? The federal government is proposing to tax that income at an effective rate of 70%.
3. Do you want to pass your business on to your children? Tough new rules make it difficult for younger kids to get the capital gains exemption. They could be double-taxed.
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