Production, Retail and Use of Legal Recreational Cannabis Canada’s Cannabis Act and the regulations that support it will come into force on October 17, 2018. The Cannabis Act will legalize, regulate and restrict access to recreational cannabis in Canada. As a response to the federal government’s Cannabis Act coming into force, Ontario’s Bill 174 (which…
We hear it time and time again – if only we’d signed that agreement while we got along! And now that we don’t, we don’t have a clear set of rules to get us out of this mess. And so it goes. But you have a choice – do it while things are hot! At…
Summary: Budget 2018 Tax Update on Passive Investment Income The Federal Budget of February 27, 2018 introduced two new significant changes to the Income Tax Act (Canada) that could result in greater tax liability for certain corporations earning passive investment income: 1. Corporations that earn passive investment income of more than $50,000 in taxation years…