Proposed Legislation to Address Tax Planning Strategies Using Private Corporations

Proposed Legislation to Address Tax Planning Strategies Using Private Corporations

In July 2017, the Federal government released a consultation paper with proposals to address tax planning strategies using private corporations.  Based on feedback from Canadians during the consultation period, the government announced on December 13, 2017 that it is proposing to simplify and better target its proposals.

 

The full update and guidance on the proposed legislation is available here: http://www.fin.gc.ca/n17/data/17-124_1-eng.asp and https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/income-sprinkling/guidance-split-income-rules-adults.html

 

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