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All About Digital Currency

Bitcoin

What is Digital Currency (DC)? DC is essentially electronic money. It’s not available as bills or coins. To create cryptocurrency, a type of DC, computer algorithms are used. The most popular cryptocurrency is Bitcoin. Unlike other currencies, no single organization (such as a central bank) creates digital currency. DC is based on a decentralized, peer-to-peer… Read more »

Proposed Changes to Corporate Passive Investment Income

A new passive investment tax regime for Canadian Controlled Private Corporations (CCPCs) is proposed to apply to taxation years commencing after 2018.  Passive income may include interest, rental, royalties, dividends from portfolio investments and taxable capital gains.  Two significant changes are proposed. First, a limit to the small business deduction for CCPCs generating significant income… Read more »