A full-service business and litigation law firm based in downtown Toronto, Torkin Manes works with high-growth companies and individuals to achieve their next milestone.
The basic personal income tax rate in 2003 was 47.2 percent, with high income surtaxes of 20–36 percent. The retail sales tax was 8 percent. Major consumption taxes are levied on gasoline ( C $0.147 per liter) and tobacco ( C $17.20 per carton). The average family of four (two pa...
New Inclusion Rate for capital gains: The CRA is awaiting parliamentary approval to introduce new inclusion rate for capital gains. The new changes will increase the inclusion rate for capital gains, affecting selling prices for shares. The CRA will also provide updated forms for corporations, trust...
The tax & non-tax advantages of incorporating a business in Ontario include limited liability for owners, lower tax rates & lifetime capital gains exemption.
New Inclusion Rate for capital gains: The CRA is awaiting parliamentary approval to introduce new inclusion rate for capital gains. The new changes will increase the inclusion rate for capital gains, affecting selling prices for shares. The CRA will also provide updated forms for corporations,...
We are an accounting firm that provides tax and accounting services for corporations and individuals. Services provided include corporation and personal taxes, financial statements and accounting, estate taxes and tax related services JYT Development Inc. We provide counselling for individuals, couples and...
However, the lowest rate of family doctors per 100,000 population in larger towns and cities in Ontario goes to the city on the shores of the St. Clair River. That would be barely over 7 per 100,000. While you’ll find worse numbers in some remote rural areas, for a small city, th...
APersonal Real Estate Corporation (PREC)enables real estate agents to have their commissions paid to a corporation. Real estate agents earning high amounts of commission will benefit from a corporation’s relatively lower tax rate of 12.2% compared to 53% for sole proprietors. Our team at Madan...
To make life easier for families, Ontario is proposing to eliminate the Estate Administration Tax on the first $50,000 of the value of the estate. The Estate Administration Tax would continue to apply to the value of the estate exceeding $50,000 at the current rate. The tax would simply ...
build relationships and treat Ontario's labour force fairly and with respect, to build a strong health care system that expands home care, to evaluate corporate tax compliance to ensure corporations are paying their fair share and to explore an increase in the Employer Health Tax exemption ...