TAX ALERT – Government Simplifies Measures to Rein in Income Sprinkling
Article contributed by BDO Canada LLP
On December 13, the federal government released legislation to simplify restrictions on income sprinkling, proposed to go into effect January 1, 2018. These revisions indicate they have listened to feedback during the consultation period, by providing more certainty to taxpayers through the introduction of “bright-line” tests to automatically exclude some family members, and allow income sprinkling for those members who make sufficient contributions to the business.
Click here to read the complete summary of what the revised legislation contains.
Locally, your BDO partners focused on the real estate and construction sector include:
North Okanagan: David Nardi, 250.545.2136 or dnardi@bdo.ca.
Central or South Okanagan: Britt Vig or Alan Sanderson at bvig@bdo.ca or asanderson@bdo.ca or at 250.763.6700
The information in this publication is current as of December 13, 2017.
May 05, 2022
Farewell to our Education Admin and Hello to our new SICA staff 2022
SICA has seen a few changes this year and we would like to say farewell to our Education Administrative Assistant and introduce the Team for 2022.
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April 28, 2022
CCO Workshop 2022
This is the wrap up for the CCO Workshop. This one day conference where the goal is to facilitate open and transparent conversation between all parties in the construction industry.
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December 01, 2021
MOTI and Infrastructure BC Seeking Interest From Qualified Firms For BC Highway Reinstatement Program RFQ
The Ministry of Transportation and Infrastructure is seeking to establish a pre-qualified list of firms to support its BC Highway Reinstatement Program which the Province has initiated to repair highways compromised by the extreme rainfall events of November 14 and 15,2021
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November 30, 2021
Prompt Payment Included in ‘Report on the Budget 2022 Consultation’
Update on progress being made towards prompt payment laws in BC
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October 20, 2021
Regional Construction Associations Partner with BCCA Employee Benefit Trust to Provide Flu Shots for Industry
SICA has teamed up with BC Construction Association Employee Benefit Trust (BCCA EBT) to ensure that construction workers are protected from the seasonal flu.
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October 06, 2021
B.C. associations call on province to practice fair, transparent procurement
The associations are committed to working with government but want to see an effort to address the issues that have been raised.
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September 27, 2021
SICA announces 2020/2021 Industry Awards of Excellence Finalists
SICA has announced the finalists for the 2020/2021 Industry Awards of Excellence!
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September 23, 2021
2021 Annual Report
On Thursday, September 23rd, SICA is holding a hybrid in-person/virtual Annual General Meeting. During the AGM SICA will share our latest Annual Report which covers the fiscal period between July 1, 2020, and June 30, 2021.
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July 16, 2021
Kelowna Crane Incident Legacy Education Fund
Through the Southern Interior Construction Association (SICA) Fund and in partnership with the Construction Foundation of BC, SICA is organizing the Kelowna Crane Incident Legacy Education Fund. This fund is a tribute to the individuals who tragically lost their lives from the Brooklyn Site Incident on July 12th, 2021. The funds raised through this fund will go towards supporting future post-secondary education for the children of the victims in this tragedy.
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July 15, 2021
#Hangahighvisoutside
SICA is amplifying the call to show solidarity and honour those who lost their lives on Monday by hanging a safety vest outside your workplace or home. Please consider hanging a safety vest outside your workplace or home. Use the hashtag #hangahighvisoutside when posting this initiative on social media.
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July 13, 2021
Brooklyn Site Crane Accident Statement
The board, staff, and members of SICA are deeply saddened to learn of the tragic crane accident in Kelowna yesterday. Our hearts grieve for the families, friends, and co-workers of those who did not return home from the job-site last night. Our deepest condolences go out to those who have been affected by this catastrophe.
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July 02, 2021
Construction Fast Lanes for COVID-19 Vaccine
In partnership with the BC Public Health Office, the BCCA and its partners have made available construction fast lanes at select vaccination centers around the province on specified dates between and times through June and July.
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June 07, 2021
Every Child Matters - Indigenous History Month
I write to you heavy with emotions regarding the recent discovery at the Kamloops residential school. This is a long-awaited confirmation of the cultural annihilation forced upon our indigenous communities. I feel the profound grief and anger of my ancestral lineage being of the Metis Nation, as well as a feeling of deep shame of being Canadian right now.
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April 22, 2021
Latest Construction Industry Statistics Reveal Strength Despite Pandemic Challenges
The BC Construction Association has released their latest industry-wide survey.
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April 20, 2021
BCCA Response to BC Budget 2021
The BC Construction Association has responded to the 2021 BC Budget.
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April 20, 2021
CCA Responds to 2021 Federal Budget
The Canadian Construction Association responds to the 2021 Federal Budget.
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April 09, 2021
Construction Month 2021
Today, April 9th, as part of the #lunchboxchallenge for Construction Month 2021 SICA was happy to serve lunch to the workers on the Acres Enterprises Ltd. Barkman site in Merritt!
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April 01, 2021
BuildForce Canada releases annual 10-year forecast
BuildForce Canada's annual Construction and Maintenance Looking Forward forecasts offer a 10-year scenario of workforce supply and demand.
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March 26, 2021
SICA training courses prove practical and meaningful to students
It’s no exaggeration to say the global economy has been paralyzed by the pandemic. Fortunately for many Canadians, the construction industry was one of the few beacons in an otherwise slow economy greatly inhibited by COVID-19. Of course, the many forms of construction activity couldn’t forge ahead frivolously – social distancing, rigorous cleaning protocols and an abundance of caution were the norm on work sites everywhere, and it’s clear these methods will continue in the months ahead.
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March 22, 2021
2021 Gold Seal Program Changes
The Gold Seal Certification program certifies estimators, foremen, owner’s construction managers, project managers, safety practitioners and superintendents working in, or with, Canada’s non-residential construction industry.
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March 08, 2021
Building Forward: Virtual Conference 2021
On March 5, 2021 SICA hosted our first ever virtual conference: Building Forward. We would like to thank all of the attendees who joined us live!
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October 07, 2020
Nomination Period Opens for SICA’s Industry Awards of Excellence
The nomination period for SICA’s 2nd Annual Industry Awards of Excellence has begun. Nominations will be accepted until January 15th, 2021.
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September 23, 2020
Meet SICA's 2020 New Board Members
SICA is pleased to announce 7 new board members that were ratified at the September 16th Annual General Meeting for the term of 2 years.
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September 17, 2020
SICA's 2020 Annual Report
During our September AGM SICA shared our latest Annual Report.
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March 16, 2020
COVID-19 Update
Like you, SICA has been closely monitoring the ongoing global spread of the Novel Coronavirus (COVID-19).
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October 04, 2019
2019 Industry Awards of Excellence Winners
SICA would like to congratulate all the finalists and the winners of SICA's inaugural Industry Awards of Excellence! Finalists and winners were honored yesterday, October 3rd, at the Award Presentation Dinner held at the Coast Capri Hotel in Kelowna, BC.
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September 16, 2019
SICA announces 2019 Industry Awards of Excellence Finalists
The Southern Interior Construction Association (SICA) has announced the finalists for their 2019 Industry Awards of Excellence. These awards recognize construction project awards and leadership awards.
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July 05, 2019
Nominations sought for SICA’s Industry Awards of Excellence
New institutional, commercial, industrial building, multi-family, recreational or renovation projects that have been completed between July 31, 2018 and June 30, 2019 are eligible for nomination.
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February 25, 2019
The 19th Annual CCO Workshop
On February 22, 2019 SICA held the 19th CCO Workshop at the Coast Capri Hotel in Kelowna.
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January 02, 2019
2018: Year in Review
Let’s look at some the big moments at SICA in 2018...
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December 18, 2018
The SICA Fund in Action at Peter Greer Elementary
The SICA team is proud to share that we have joined forces with the Construction Foundation of BC to establish a charitable fund in support of local, southern interior, initiatives.
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December 17, 2018
Celebrating the Holiday Season with SICA
Our annual holiday celebrations take place in a variety of cities across our SICA region.
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December 12, 2018
Winter Safety Tips
Working during winter feels more like survival of the fittest than an everyday challenge. The risks are much greater for employees who have to work and drive outdoors.
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September 21, 2018
50th Parallel Estate Winery Named Commercial Building Awards Winner
50th Parallel Estate Winery of Lake Country was named the Judge’s Choice best overall entry in the 10th Annual Thompson Okanagan Kootenay Commercial Building Awards Thursday, Sept. 20 at the Coast Capri Hotel.
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September 13, 2018
8th Annual Chair Dinner & Awards Celebrates Industry Leaders
SICA held our annual Chair Dinner and Award Night where we celebrate member anniversaries, board volunteers, Gold Seal recipients, and scholarship recipients. In addition, this year we had the honor of awarding both a Consultant Award and the Innovation Award.
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September 12, 2018
Emil Anderson Construction Wins 2018 SICA Innovation Award
On Wednesday, September 12, Emil Anderson Construction (EAC) was awarded the Southern Interior Construction Association’s 2018 Innovation Award for their work on the Vedder Bridge Project in Chilliwack, BC.
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September 07, 2018
Record-tying number of Commercial Building Award Finalists
A record-tying 37 finalists have been announced for the 10th Annual Thompson Okanagan Kootenay Commercial Building Awards, set for Thursday, September 20 at the Coast Capri Hotel.
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July 27, 2018
REPOST: Pattullo Procurement Strategy Takes BC Construction a Bridge Too Far
The new Pattullo Bridge Community Benefits Agreement patently illustrates what is unfair with our current government’s policy decision to mandate the nature and extent of procurement requirements in major public construction projects.
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July 24, 2018
Response to the Province’s Community Benefits Agreement Announcement
The Southern Interior Construction Association (SICA) joins the British Columbia Construction Association (BCCA) in expressing deep concern about the Community Benefits Agreement announced by B.C. Premier John Horgan July 16.
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June 28, 2018
2018 Kamloops Trap & Skeet
Every year the Kamloops Trap & Skeet is one of the most anticipated events we host! With over 100 attendees, BBQ steaks, and some tough competition it is safe to say that a blast was had by all.
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June 27, 2018
2018 SICA Golf Tournament
On June 21st, 2018 144 golfers converged on Sunset Ranch Golf Course for the annual SICA Golf Tournament. Despite lightening in the valley causing a brief course closure and pouring down rain in the afternoon the event was a huge success!
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May 30, 2018
2nd Annual Family Fishing Derby
The beautiful Roche Lake Resort was again the site for our now 2nd annual Family Fishing Derby. This event, hosted through a joint partnership between the Southern Interior Construction Association and CapriCMW Insurance, is quickly becoming a must attend for all SICA members.
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April 30, 2018
Celebrating our Own - Terry Brown Receives CCA's Person of the Year Award
The CCA Person of the Year Award recognizes individuals who demonstrate the qualities of a leader and who apply the highest standards and principles of the construction industry and business community. To those who have had the opportunity of working alongside Terry Brown, he is the living embodiment of this description.
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April 24, 2018
10th Anniversary of Heavy Metal Rocks in Kamloops
2018 marked the 10th year of the Heavy Metal Rocks event in Kamloops. This project provides opportunities for Grade 11 and 12 students from the School District No. 73 to explore career opportunities in the heavy equipment operator field.
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April 23, 2018
Celebrating Construction Month at Thompson Rivers University
The Kamloops building community was proud to celebrate BC’s Construction & Skilled Trades Month with a breakfast held at Thompson River's University on Monday.
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April 19, 2018
Construction Industry Celebrates BC Construction Month at Okanagan College
The Kelowna building community was proud to celebrate BC’s Construction & Skilled Trades Month with a breakfast held at Okanagan College on Thursday. In the newly built Trades Building contractors, apprentices, foundation program students and industry support organizations gathered to recognize the impact the construction industry has on the BC and specifically the Okanagan economy.
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February 07, 2018
Unsung Benefits
The BCCA Employee Benefits’ plans offer other services beyond dental and extended health care.
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January 24, 2018
Message Delivered, Message Received
Successful buildings have always been the result of collaboration between the client, designers, and contractors. A strong team, clear expectations, and concise information will typically result in a project which all involved parties will consider successful. Through recent decades the delivery of projects has changed with increased complexity, decreased timeframes, and changing delivery methods. Now more than ever it is critical that the collaboration between the team occurs to ensure the desired outcome.
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