Owner-managers may want to consider ways to improve their tax positions for the current year now that Canada has a new government. The new Canadian government campaigned on significant tax changes, and this could mean taxpayers only have a few weeks to consider time-sensitive actions to reduce their taxes (both for their individual positions and for their incorporated businesses).
The KPMG member firm in Canada has prepared a checklist and suggested actions that include several limited time opportunities to prepare for upcoming 2016 tax changes expected under Canada’s new government.
Read a November 2015 report [PDF 333 KB] prepared by the KPMG member firm in Canada: Owner-Managers — Your Post-Election 2015 Tax Planning Check-Up
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor 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 on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.