Tag: Business Owners

FEATURE
Prorogued Parliament and the Impact on Tax Laws with John Oakey (Ep.19)

Prorogued Parliament and the Impact on Tax Laws with John Oakey (Ep.19)

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Are you ready to explore the complex but crucial world of tax legislation and its implications for your business?

Frankie and Sarah are joined by John Oakey, Vice President of Taxation for CPA Canada, on a deep dive into how the prorogation of Parliament is shaking up tax legislation, with a particular focus on the proposed changes to the treatment of capital gains. 

Frankie and Sarah discuss: 

  • The effects of prorogation on existing and proposed tax bills 
  • The uncertainty surrounding the capital gains changes and how taxpayers can prepare
  • Different options for managing tax liabilities amidst legislative limbo
  • Strategies for dealing with trust and investment taxation during these uncertain times

Connect with Frankie Loreto and Sarah Netley: 

Connect with John Oakey:

About Our Guest: 

As Vice-President of Taxation, John leads CPA Canada’s Tax group, which influences the development of an equitable, effective and efficient tax system in Canada, as well as delivers practical information and fresh perspectives on tax to members and the broader tax community.

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Owner-Managed Businesses Part 4: The Canadian Capital Gains Exemption (Ep. 5)

Owner-Managed Businesses Part 4: The Canadian Capital Gains Exemption (Ep. 5)

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This episode concludes our miniseries for owner‑managed businesses, so if you haven’t heard parts 1‑3, we recommend you check those out!

To round out the miniseries, Frankie and Sarah break down the specific criteria under the Income Tax Act (ITA) for the capital gains exemption, beginning with a brief overview of what it is, what it does, and how business owners can qualify.

Become a little more savvy as Frankie and Sarah discuss:

  • The definition and purpose of the capital gains exemption, and its specific qualifying criteria
  • Tips on balance sheet categories for business owners
  • The three main capital gains exemption tests of the ITA

Resources:

Connect with Frankie Loreto and Sarah Netley: 

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