Small Business Tax Rate Reduction
As of January 1, 2018, the federal small business corporate tax rate is reduced to 10%. The combined rate for Alberta companies will now be 12.0%.
RRSP Deadline 2017
The deadline for making an RRSP contribution for the 2017 tax year is March 1, 2018. That’s the final day you can make a contribution, which can be used as a deduction on your 2017 taxes.
The Department of Finance announced significant tax proposals in July of 2017 that will affect private corporations and small business owners. Contact us to find out if these changes will affect you.