BUILDING STRATEGIES FOR YOUR BUSINESS
Advanced Tax Planning For Accountants
What Novanta Does
NEW CE CREDIT COURSE NOW AVAILABLE
Novanta is excited to offer Continuing Education Credits for accountants specializing in advanced corporate tax planning for CCPCs (Canadian Controlled Private Corporations).
Since 2009, we've been equipping accountants with proven, CRA-compliant strategies that deliver long-term tax savings for sophisticated clients—going beyond the standard accounting conversation.
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Our mission is simple: to make you shine. We provide the advanced tools needed to enhance your billable hours, increase your rates, and set yourself apart in your clients' eyes. Impress your current clients, attract more sophisticated ones, and elevate your reputation in the field.
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We’ve worked with leading firms such as MNP, KPMG, PwC, and EY, as well as boutique firms and individual CPAs across Canada.
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Contact us today for a free consultation and discover how we can elevate your impact.
Capital Gains Increase
Tax News in Canada
As of June 25, 2024, the capital gains taxes have changed to an increased rate:
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from 50% to 66.7% for all corporations and trusts; and
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from 50% to 66.7% for individuals, but only with respect to the portion of capital gains or losses realized annually that exceed $250,000.
In other words, the inclusion rate will continue to be 50% for capital gains or losses up to $250,000 realized annually by individuals (including through trusts or partnerships). The $250,000 threshold would be fully available in 2024 (i.e., it would not be prorated) and would apply only in respect of capital gains or losses realized on or after June 25, 2024.
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Accordingly, individuals should consider whether they wish to realize capital gains prior to June 25, 2024, in order to access the 50% rate rather than be subject to the 66.7% rate. For example, consideration should be given to choosing not claim an otherwise available capital gain reserve in a taxpayer’s 2023 income tax return. Moreover, individuals should consider whether they wish to realize $250,000 in capital gains annually from 2024 onwards in order to benefit from the 50% rate rather than being subject to the 66.7% rate.
Current Programs
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PREC Tax Program
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Shareholder Loan Program
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SR&ED Program
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Business Succession
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Estate Planning
OUR CLIENTS
Our average client saves $650,000 within the first 5 years of working with our team...
