Seminar: Tax Changes - CANCELLED
Event: 6:00pm - 8:00pm
LocationThe Ramada Hotel & Conference Centre
33 Benson Street
Admission$20.00 includes HST - Member and Future Member Cost
*full payment required prioir to the event
*48 hrs notice of cancellation, no shows will be invoiced
Proposed FEDERAL Tax Changes Will Significantly Impact Family Businesses - Learn About The Unintended Negative Impacts!
Join us on Tuesday, November 20th
The purpose of this event is to inform our local SMALL BUSINESS community about significant tax reforms proposed by the Rt. Honorable William Morneau. We believe the public and businesses are largely unaware of these significant changes.
The Chamber of Commerce is pleased to provide an information session regarding the Federal Government’s proposed tax changes that were enacted this past June. You may recall that on July 18th, 2017, the Federal Government proposed tax law that would negatively impact small and family owned business, as well as farmers, professionals and other Canadians. Thanks to the efforts of many Canadians including the local Chamber of Commerce and the then newly formed Kingston Advocacy for Small Business (“KASB”), the Federal Government was made aware of many of the issues with the proposed law. The Federal Government has both revised the proposed law in certain areas and abandoned the law in others.
The Chamber of Commerce is concerned that the some small businesses might not be fully aware of the risks that they have and the impact on their business. The purposes of this information session is to provide information to local small businesses, because while the new law is much improved from what was originally proposed, there are still much uncertainty and traps for the unwary with the new law.
KASB will focus its presentation on the new Tax on Split Income (“TOSI”) and Passive Income laws that were enacted this past June. It is important to know that these new laws impact virtually every Canadian private company. The information session will be presented by local KASB members and income tax specialists: