Employee Ownership Trusts
Bill C-59, Fall Economic Statement Implementation Act, 2023 includes draft legislative proposals to introduce a new set of rules for Employee Ownership Trusts (EOTs) in Canada. If enacted, the EOT…
Workings of a Trust
The following describes how a trust might work. This material is general in nature and is not intended to constitute legal advice. A trust consists of four essential features: the…
Safe Income
To create an effective corporate structure plan, business owners in Canada should understand the tax concept of safe income. Corporate taxpayers resident in Canada are generally required to include the…