Webcast-Private Company Changes in 2016 Federal Budget | KPMG | CA

Webcast - Private Company Changes in 2016 Federal Budget

Webcast-Private Company Changes in 2016 Federal Budget

Canadian Tax Adviser, April 12, 2016. KPMG Enterprise recently held a webcast to discuss how the 2016 federal budget will affect private company owners. The webcast, entitled "Private Company Tax Impacts of 2016 Federal Budget", was presented on March 30, 2016 and provides key highlights and first-hand perspectives on what the budget means for private companies.

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This one-hour webcast was presented by Dino Infanti (Partner, National Leader, KPMG Enterprise Tax), Luann Jones-Foster (Enterprise, Moncton), Sarah Tkachuk (Enterprise, Regina), Deb MacPherson (Partner in Charge of Tax, West) and Thang Trieu (GTA, KPMG Law). "Private Company Tax Impacts of 2016 Federal Budget" discusses the following topics:

  • Personal tax changes - including a discussion of the new taxation of "switch" fund shares
  • Corporate tax changes - including the budget's effect on life insurance and examples to illustrate how the new rules will limit the multiplication of the small business deduction in certain partnerships and corporate structures
  • Eligible capital property - including a discussion of the impact of the repeal of the eligible capital rules and new CCA regime, as well as transitional rules
  • Taxable inter-corporate dividends - including a reminder of the effect of the new subsection 55(2) rules, with examples of common structures where previously non-taxable inter-corporate dividends could now become taxable capital gains, and a discussion of the importance of calculating safe income.

A replay of the webcast is available on kpmg.ca. For more information, contact your KPMG adviser. 

 

 

Disclaimer

Information is current to April 12, 2016. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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