Business owners are increasingly recognizing the key importance of implementing employee benefit plans in their organization
By offering you and your employees the health benefits, you can protect your employees, protect your business, maintain productivity, attract and retain key talent and provide tax efficient compensation.
Who's this for?
- Protect your Business
- Protect your Employees
- Maintain Productivity
- Attract and Retain Key Talent
- We review your business, employees and your budget to tailor make a solution that aligns with your goals to provide the best protection for your company.
Morneau’s federal budget announced earlier this year informed us how the government will treat passive income in a Canadian Controlled Private Corporation. (CCPC) The government’s main concern was that under the current rules a “tax deferral advantage” exists since tax on active business income is usually lower than the top personal marginal tax rate. Therefore if the corporate funds were invested for a long period of time, shareholders might end up with more after-tax amount than if it was invested personally.
Last summer, Finance Minister Morneau announced a number of tax reforms for Small Business Owners, including the changes to income sprinkling, minimizing the incentives to keep passive investments and reducing the transfer of corporate surpluses to capital gains.