private corporations

Passive Investment Income in Private Corporations – December 2017 Update

In July 2017 the Department of Finance proposed measures to change several tax planning strategies that are currently available to owners of private corporations in Canada. In October 2017, the Government announced that it is going ahead with the Passive Investment and Income Sprinkling measures. Passive Investment Income Under the current rules, a private corporation…

Income Sprinkling Using Private Corporations – December 2017 Update

In July 2017 the Department of Finance proposed measures to change several tax planning strategies that are currently available to owners of private corporations in Canada. In October 2017, the Government announced that it is going ahead with the Income Sprinkling measures and Passive Investment measures. Income Sprinkling When family members are issued same or…