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


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



Tel: 306.653.6100  
Toll Free: 1.888.258.7677

Tel: 306-522-6500
Toll Free: 1.888.258.7677

More Information

We can help you with Proposed Changes to Tax Planning Using Private Corporations or any other accounting or business needs you may have. Contact us below and we’ll be in touch soon.

If you know your Virtus Advisor’s name, please select it from the list below to contact them directly. If you don't already have a Virtus Advisor, please select No Advisor below and we will have someone contact you shortly.


Subscription Confirmation

By confirming your subscription, you are agreeing to receive occasional updates about Virtus Group LLP news, events, announcements, and services. You may unsubscribe from these updates at any time.

Virtus Group LLP

The King George Building
Suite 200 - 157 2nd Ave North
Saskatoon, Saskatchewan
S7K 2A9
Phone: 306-653-6100

Central Park Place
Suite 200 - 2208 Scarth Street
Regina, Saskatchewan
S4P 2J6
Phone: 306-522-6500