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Mar 4, 2019
Taxes…A Different Perspective
What’s new in tax? Here is a summary of some recent income tax and some non-income tax changes.
Tax rates
• Personal. No changes in federal personal income tax rates for 2018. 2018 tax brackets have been adjusted to take into account inflation.
• Corporate. The federal corporate income tax rate on the first $500,000 of annual active business income earned by a Canadian-Controlled Private Corporation (CCPC) decreased from 10.5% in 2017 to 10% in...