EC CPA Inc.
4266 Fortune Ave. Richmond, BC, Canada

Making significant tax changes in such haste...maybe he has something to hide in the new rules. The new rules should be subject to another round of public consultation. I guess he is running Canada like he is the CEO of Morneau Shepell.

Perhaps time to lock in those mortgage rates? Wonder if Canada will move in lock-step with the US.

https://m.facebook.com/story.php?story_fbid=133761743979628&id=100020374095135

Easy...build them in the US. The irony.

Key takeaway from this article: (1) civil servant can amass a pension worth $3.3million; (2) doctor unable to use corporation to save money is worth $1.6million...; (3) doctor able to use corporation to save money is worth $2.9million; (4) government pensions are guaranteed, while growth on doctors' savings are subject to market risks and uncertainty; (5) small businesses have the potential to generate jobs. To be fair, this article doesn't take into consideration of the sale of the corporation when a doctor or any small business owner retires. But is it so bad that a business owner can extract say $0.5million to $1.5million of wealth out of a corporation he/she built over 25 years? Say the business can actually come out ahead of a civil servant by $1.0million upon retirement after 25 years, this is approximately a 1% risk premium per year (non-compound basis). In other words, the small business owner in this example is only getting a 1% return above a civil servant for taking risks. You can get a Canada Savings Bond for 25 years with a return of over 2.3% per year (this is considered risk-free). Is it really that unfair? http://www.bankofcanada.ca/r/interest-rates/canadian-bonds/