Fellow Self Storage Owners and Operators, As a follow-up to my email of yesterday, the federal government released more information regarding how they will restrict income sprinkling. See attached for a summary of the updated proposal. In essence, the new rules address some of the criticisms and challenges of the July 18, 2017 proposals; however, they still…Details
Things may seem like they have been quiet on the Active Passive Tax Issue front, but in actuality that is the furthest from the truth! During this past summer the CSSA visited Self Storage Operators in New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland. We held luncheons for storage operators and shared a wealth…Details
Please click on the link below to review the letter that was sent to The Hon. Bill Morneau, Minister of Finance and The Hon. DIane Lebouthillier, Minister of National Revenue on our behalf by the Canadian Federation of Independent Business.
In light of recent actions since the 2016 Federal Budget was announced with a huge blow to our efforts towards achieving the exemption for the Self Storage industry. We have been advised by the CFIB, that in the spirit of the above mentioned motto tthey have stepped up their actions towards acheiving our goal for exemption…Details
We so very excited to bring to you the final draft of the CFIB Recommendations for the March 22, 2016 Federal Budget! As this is the final, this is the actual document that has been submitted to the Government for consideration and hopefully inclusion in their upcoming Federal Budget. Please click on the link below for the…Details
Beginning in late 2015 some Self Storage Operators in Canada were receiving letters from the Canadian Revenue Agency, requesting information on past years etc. After consulting with the CFIB Team in Ottawa that are assisting us with our request for exemption of the 5 employee rule, they advised that anyone receiving these letters should comply…Details
Fellow Self Storage Owners and Operators, We are aware that MPAC has sent out a request of information for you to submit your income and expense information on your property for your most recent fiscal year. The letter sent out was a general letter. I have communicated with MPAC over the last couple of days…Details
ACTIVE/PASSIVE TAX INITIATIVE UPDATE We last reported that we were successful, with the assistance and strong support of the Canadian Federation of Independent Business and our terrific partnership with them in getting at the very least, our request for an exemption to the minimum number of employees tax rule for the entire Canadian Self Storage…Details