Private Corporations Archives - Hogg, Shain & Scheck

November 27, 2017 by Chris Munn

On July 18, 2017 Finance Minister Bill Morneau released his much anticipated consultation paper proposing changes to how private corporations are used to gain tax advantages. The proposals outlined in the consultation paper are significant and will affect everyone who owns a private corporation. The following three items are targeted in the consultation paper: ·
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Update on Certain Income Tax Proposals Impacting Private Corporations and their Shareholders

November 27, 2017 by Chris Munn

On October 16, 2017 the Federal Government announced a number of proposed changes affecting small business corporations. First, the small business tax rate will be reduced from 10.5% to 10%, effective January 1, 2018 and to 9%, effective January 1, 2019. Second, the government intends to proceed with the proposed income sprinkling rules, although with
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Tax Planning Using Private Corporations

Tax Planning Using Private Corporations

Update on Certain Income Tax Proposals Impacting Private Corporations and their Shareholders