Industry Updates

Is Your Business Taking Advantage of Accelerated-Depreciation Rules?
On Nov. 21, 2018, the federal government put forth draft legislation, which provides accelerated tax deprecation—CCA—for capital spending on depreciable assets purchased between Nov. 21, 2018, and Dec. 31, 2023. The changes include immediate full depreciation of manufacturing & processing assets, along with clean energy generation and storage assets.
Learn More: download PDF

 


2019 Federal Budget Commentary
On March 19, 2019 the Honourable Bill Morneau, Minister of Finance, presented the 2019 Federal Budget, Investing in the Middle Class, to the House of Commons.
Learn More: download PDF

 


CRA Adopts OECD Transfer Pricing Guidelines
At the most recent Annual Conference of the Canadian Tax Foundation, the Canada Revenue Agency disclosed that it will now be following the OECD 2017 Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, and will consider applying them to years prior to 2017.
Learn More: download PDF

 


Ontario passive investment income rules impacting small business
If your corporation or associated corporate group has a passive investment income portfolio that may be affected by the new federal rules, your corporation’s small business limit for federal purposes calculated under these rules may potentially be different from its small business limit for Ontario purposes. The impact on your corporation’s income tax liability may be significant, depending on the extent of that difference.
Learn More: download PDF

 


Get ready for new QST rules
New changes are coming to QST starting on January 1, 2019.
Learn More: download PDF

 


 

2018 Year End Tax Planning
December 31, 2018 is fast approaching — here is a list of tax planning considerations.
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Check out the Tax Highlights of the Ontario and Federal 2018 Fall Economic Updates…
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Walter Williams of Vine and Partners LLP was among more than 65 professional advisors from some 40 accounting firms in 24 countries attending IAPA’s International Conference held in Miami, Florida, November 2-5, 2018.
Learn more: Download PDF

 


 


If your corporation has passive earnings in excess of $50,000 and is also earning active business income, prepare for a potentially higher corporate tax bill in the coming years.
Learn more: Download PDF

 


 


CRA provides a number of convenient mobile phone apps for individuals and corporations. Learn more: Download PDF

 


 

Government to Review Holiday Pay Rules
Ontario government backs down on controversial holiday pay calculations. Learn more: Download PDF

 


 

Employment Expenses CRA Reviews
It appears the CRA has backed off its employment expenses project. Learn more: Download PDF

 


 

Federal Budget 2018
On February 27, 2018, the Liberal government released their 2018 budget. Here’s what you need to know: Download PDF

 


 

Charity Education Program
The Canada Revenue Agency (CRA) is committed to giving registered charities the educational tools and resources they need to easily fulfill their obligations under the Income Tax Act. Learn more — Download PDF

 


 

2018 Tax Planning Considerations
During the past year there have been significant changes made to tax legislation. The changes impact corporation and individual taxpayers and may require action.
Learn more — Download PDF

 


 

Income Sprinkling: Where Are We Now?
Will your ownership or working relationships need to be restructured? View a summary of the latest proposals from the Department of Finance. Download PDF

 


 

What will the proposed new income sprinkling mean for you and your family? See newly released income sprinkling rules… Download PDF

 


 

Are you prepared for Bill 148? Ontario has completed new Workplace Laws effective January 2018.
Learn more: Download PDF

 


 

8 Keys To Preparing Your Business For The New Year
We have had the pleasure of working with many successful entrepreneurs over the past 52 years and based on that experience we have compiled the following list of suggestions which we believe could serve as a useful guide to those wishing to use the holiday time to reflect on the past year and reposition for the New Year.
Download PDF: Click Here

 


 

Fall Economic Update
Ontario’s Liberal government released a fall economic update Tuesday that included a tax cut for small businesses.
Click here for some highlights: Download PDF

 


 

Dramatic Tax Changes that will Have a Negative Impact on All Small Business Owners
The proposed changes Finance Minister, Bill Morneau released on July 18, 2017 can impact future tax planning, use of family trusts, estate planning and could also have a significantly negative impact on existing retirement plans.
Download PDF: Click Here

 


 

Legal Rules that Could Affect Ontario Corporations
Effective December 10, 2016 the Business Corporations Act (Ontario) (the “OBCA”) was amended. Subsection 140(1) and section 140.1 now requires a corporation incorporated or continued under the OBCA to maintain a “register of ownership interests in land in Ontario”.
Download PDF: Click Here

 


 

Provincial Budget 2017
On April 27, 2017 Finance Minister Charles Sousa presented the 2017 Ontario Provincial Budget.
Download a summary: Click Here

 


 

The Rules of the Sale of a Principal Residence have Changed
Download PDF Click Here

 


 

The Federal Government Attacks Structures Used to Multiply the Small Business Deduction
Download PDF Click Here

 


 

Industry Links

 

Canada Revenue Agency
www.cra-arc.gc.ca
Ministry of Finance
www.fin.gov.on.ca
Finance Canada
www.fin.gc.ca
Labour Standards Board
www.labour.gov.on.ca
Government of Canada
www.canada.gc.ca
Government of Ontario
www.ontario.ca
Financial Bank of Canada
www.bankofcanada.ca
TSX Stock Exchange
www.tmx.com
Canadian Institute of Chartered Accountants
www.cica.ca
Institute of Chartered Accountants of Ontario
www.icao.on.ca 

ACCOUNTING SUPPORT SERVICES

ACCOUNTING SUPPORT SERVICES

Vine and Partners provides the knowledge and experience for all accounting and bookkeeping related services. Our Accounting Support Services division has friendly technicians ensuring all records are accurate and client expectations are exceeded.

Business Valuation

Business Valuation

Whether you are planning to sell, merge, finance or grow through acquisition, the Chartered Business Valuators at Vine have the industry experience and specialized training to expertly value your business and to provide you with the market insight needed to gain an invaluable advantage during important negotiations.

TAX STRATEGIES AND PLANNING

TAX STRATEGIES AND PLANNING

The magnitude of wealth is not determined by what people make, but rather by what they keep. Vine and Partners specialize in helping our clientele preserve and transfer wealth through effective personal tax and estate planning.

Transition Planning

Transition Planning

Small business is the backbone of the Canadian economy, but experts say that small business owners rarely pay enough attention to business transition planning. In fact, without a transition plan in place, many businesses close instead of being sold or passed on to the next generation.