Ontario Budget 2026 What It Means for Business Owners and Investors
Ontario’s 2026 budget cuts the small‑business corporate tax rate from 3.2% to 2.2% effective July 1, 2026. It also reduces the non‑eligible dividend tax credit to 1.9863%, raising the combined tax on such dividends to 48.89% starting 2027. A temporary HST new‑housing rebate offers up to $130,000 for homes priced under $1.5 million for contracts signed between April 2026 and March 2027. These measures create a narrow planning window for owners to accelerate dividend distributions and for developers to time projects toward the rebate period.
QSBS Stacking: How to Multiply the $15M Exclusion with Trusts and Family Gifts
Qualified Small Business Stock (QSBS) under Section 1202 allows a $15 million exclusion per taxpayer per issuer, but founders can multiply this benefit through "stacking" strategies. By allocating shares to spouses, adult children, and non‑grantor trusts, each party receives its own exclusion,...
Tax Strategies for Dividend Investors in Canada
The article breaks down how dividend income is taxed in Canada, emphasizing the distinction between eligible and non‑eligible dividends and the impact of the gross‑up and dividend tax credit system. It outlines how foreign dividends, especially from the U.S., face...
Tax-Free Family Vehicle Transfers en Route to Wyoming This Summer
Wyoming enacted a law, effective July 1, 2024, that eliminates state sales and use tax on motor‑vehicle transfers between qualifying family members. The exemption applies only to genuine sales or gifts, and the donor must have paid the original tax when...
Home Sale, Forced To Sell Abroad? U.S. Tax Rules In Uncertain Times
Heightened geopolitical tensions in the Middle East are forcing U.S. expatriates to consider rapid relocations and the sale of their homes. The article explains how Section 121 of the Internal Revenue Code permits a $250,000 (or $500,000 for married couples)...