Burnaby, B.C. CA and tax specialist, comments on Can. Government tax proposals

Most recent proposals for Tax changes affecting high income earners is commented on by a local Burnaby B.C. CA and Tax Specialist, Naijing He.

Burnaby, Canada – November 5, 2017 /PressCable/ —

Can. Government introduction of proposed tax changes will mostly affect high income earners says, Naijing He Burnaby BC CA. The practice, known as income splitting or sprinkling, consists of sharing business income among family members — even if they’re, or not, involved in the company — through dividend payments.

Looking at it from a tax point of view, this is particularly advantageous for families where the business owner, who would otherwise be in the highest tax bracket, is allowed to distribute income to relatives with little or no income. The complexity and constant changes of corporate and business tax laws in, Burnaby and Canada in general, can represent a significant compliance burden for business.

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The experienced and professional certified personal tax accountant, Naijing He, at NH Business Services Corp., can assist in the planning and preparation of personal tax returns. Personal income tax preparation and filing, Personal tax planning, Sole proprietorship, Asset management services, Communication with CRA to resolve compliance and audit issues, Business planning, Bookkeeping support, Corporate income tax return preparation and filing, Financial statements preparation, Individual financial planning, starting a new business and Tax planning. For more information click on this link: Click here

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The Canadian Federation of Independent Businesses maintains that the reforms would “affect middle-income business owners with as little as $50,000 in income.” More comments from Naijing He, a Burnaby B.C. CA.

For more information go here; http://www.nhbiz.ca

Contact Info:
Name: Naijing He
Email: nh@nhbiz.ca
Organization: NH Business Services Corp.
Address: 3823 Henning Dr. 205, Burnaby, British Columbia V5C 6M2, Canada
Phone: +1-604-265-0381

For more information, please visit http://www.nhbiz.ca/

Source: PressCable

Release ID: 260203