PRESENTATION TITLE:
How Do the New Federal Rules Impact You?
PRESENTATION OBJECTIVES:
- Understanding the personal and corporate impact of the new increased capital gains tax
- Understanding the impact of corporate tax on passive income (TOPI) and the small business
deduction limit with the potential clawback - Understanding the mechanics of the Capital Dividend Account within your corporation
SYNOPSIS:
Introducing at a high level the tax implications of the new increased capital gains tax rate for individuals and corporations. Plus, we will discuss the impact on your cash flow now and in the future based on your tax situation.
Norm is a professional accountant who obtained an Honours Bachelor of Commerce degree from Laurentian University. Upon graduation, Norm moved to Ottawa where he later obtained his designation as a Chartered Professional Accountant.
BIO:
Norm’s accounting career began as an auditor at the Office of the Auditor General of Canada (OAG). He was part of the audit teams of the Canadian International Development Agency, International Research and Development Centre, Export Development Corporation, Canada Post and the Department of Foreign Affairs and International Trade.
Subsequently, Norm entered the private sector to take on senior management and controllership roles at several privately and publicly held companies. He gained experience in various industries such as information technology, aviation, office furniture, and construction. Norm was also successful at international accounting software sales within the office furniture industry.
In 2015, Norm purchased an accounting firm which is now running under the Houle & Associates Chartered Professional Accountants banner. As a corporate and personal tax specialist, Norm works diligently with varied professionals and business clients to provide comprehensive tax and financial planning.
Norm is a dedicated husband, father, and proud grandfather of 2 who always enjoys a good laugh. He also likes to travel and downhill skiing with his family and friends.
