Proposed Changes to Tax Planning Using Private Corporations

On July 18, 2017, the Department of Finance released legislative proposals and a consultation paper to deal with tax planning strategies that they viewed as creating unfair tax advantages for high-income individuals. We have included our summary which focuses on three issues they had originally identified in Budget 2017:

  • Income sprinkling using private corporations
  • Holding a passive investment portfolio inside a private corporation
  • Converting a private corporation's regular income into capital gains

READ OUR FULL SUMMARY

If you have any questions concerning the recent proposed changes, please do not hesitate to contact us:

SASKATOON  

 REGINA

Tel: 306.653.6100  
Toll Free: 1.888.258.7677
virtus.saskatoon@virtusgroup.ca
  

Tel: 306-522-6500
Toll Free: 1.888.258.7677
virtus.regina@virtusgroup.ca

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Virtus Group LLP
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The King George Building
Suite 200 - 157 2nd Ave North
Saskatoon, Saskatchewan
S7K 2A9
Phone: 306-653-6100
virtus.saskatoon@virtusgroup.ca

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Regina, Saskatchewan
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Phone: 306-522-6500
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