GILTI – Are you a US citizen? Do you own shares in a private company?

December 18, 2018 RHN CPA No Comments

The recent U.S. tax reforms introduced measures discouraging U.S. companies from shifting profits to foreign countries. Specifically, the Global Intangible Low-Tax Income (“GILTI”) is a new source of income to be included in a U.S. taxpayer’s filings that is derived…



BC Employer Health Tax Overview

December 12, 2018 RHN CPA No Comments

In the last provincial election, John Horgan and his NDP caucus, had the vision to fully eliminate Medical Services Plan (MSP) premiums by January 1, 2020. To help fund the elimination of MSP premiums, the Ministry of Finance is introducing…



2018 Federal Fall Economic Update

November 28, 2018 RHN CPA No Comments

2018 Federal Fall Economic Update Are you needing to purchase equipment for your business? Now would be the time! On November 21, 2018, the Minister of Finance presented the Federal Government’s 2018 Fall Economic Statement. In the statement, the Government…



RHN’s Commentary on the 2018 Federal Budget

March 1, 2018 RHN CPA No Comments

On February 27, 2018 the federal government presented Canada’s 2018 federal budget. Particular tax changes of note were in respect of passive investment income and confirmation of the income splitting measures as noted in the draft legislation introduced in 2017….



Splitting Income from Small Businesses with Family Members

January 19, 2018 RHN CPA No Comments

The Government of Canada has now released draft legislation to implement their summertime proposals around splitting income from small businesses with family members. They have made some concessions to the uproar that resulted from their original proposals in the interests…



RHN Made the News

December 4, 2017 RHN CPA No Comments

Follow the link for an interview with our very own John Nagy from the Richmond Chamber Business Excellence Awards. http://www.richmond-news.com/business/counting-on-right-people-1.23108104



Proposed Tax Changes for Canadian Private Corporations Update

October 16, 2017 RHN CPA No Comments

This CBC article discusses the latest update on talks with the federal government. RHN is committed to providing our clients with the most up-to-date guidance for their financial needs. Please speak to one of our trusted advisors at RHN to…



Proposed Tax Changes for Canadian Private Corporations

October 5, 2017 RHN CPA No Comments

By now you have read and heard of a large volume of information related to the Federal Government’s proposed legislation to tax individuals and their small business corporations. We have provided a summary below. RHN has studied the proposals. The…



Proposed tax changes and their potential impact on Canadian private corporations

August 17, 2017 RHN CPA No Comments

Canadian private corporations, including many small businesses and Personal Professional Corporations, are familiar with the current taxation rules which have been unchanged for decades. However, as announced by the Canadian federal Finance Minister, Bill Morneau, on July 18, 2017, there…



The Canada Revenue Agency is moving its web presence to Canada.ca

July 10, 2017 RHN CPA No Comments

In 2013, as part of its commitment to better serve citizens and businesses, the Government of Canada launched the Web Renewal Initiative (WRI) to make its online information and services easier to find and use through a single, user-centric website…



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