Canada: Private company taxation, update | KPMG | GLOBAL

Canada: Private company taxation, update

Canada: Private company taxation, update

The Department of Finance recently announced that it was abandoning certain proposals to change the private company tax rules, and that it was modifying others.

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According to Finance, new draft legislation addressing income sprinkling would be released, and draft legislation relating to the new passive investment income regime would be included in the 2018 federal budget. 

 

Read an October 2017 report prepared by the KPMG member firm in Canada

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