Canada: Considerations for tax planning, before new government’s changes

Tax planning in Canada

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).

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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

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