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Recent tax changes affecting small business

Are you at risk to pay 48% personal tax rates?

Legislation passed in the 2018 Federal budget can completely change the compensation strategies for business owners and their family members. Compensation that falls under the new Tax on Split Income legislation will be subject to a 48% tax rate and tax credits will not be permitted.

The newly legislated Passive Income rules will reduce, or completely eliminate, access to the small business deductions which could leave businesses subject to a 27% tax rate rather than the 12% small business rate, which is reducing to 11% in 2019! 

APEX (a collaborative initiative and partnership between three core service providers, Community Futures Entre-Corp, Medicine Hat College and Alberta Innovates) is offering a free seminar to help you navigate the changes and what you need to know to identify areas that put you at risk for these increase tax rates.

WHEN:

Friday, June 22, 2018

Presentations will start at 10:00 am sharp

Presentations end at 11:45 am

Questions from 11:45 am to 12:00 noon

WHERE:

Community Futures Entre-Corp office

Located at 556 4th Street SE, Suite # 202, Medicine Hat, AB. We are upstairs (2nd floor) above the Servus Credit Union. Note that there is free street parking, around the building (maximum of 2 hours).

Please register at this link:     https://www.eventbrite.ca/e/recent-tax-changes-affecting-small-business-owners-tickets-46722834255

If you have any questions, please call Elizabeth Blair at 403-528-2824 or email at Eblair@albertacf.com

Later Event: August 20
The Self-Employment training program