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Department of Finance Targets Tax Planning for Private Corporations

Category: Tax Services

On Tuesday July 18, 2017, the Department of Finance (“Finance”) released several proposed changes that will affect tax planning using private corporations. The main focus of these proposed changes is on tax planning strategies that involve: Sprinkling income amongst family members using private corporations; Multiplication of the Lifetime Capital Gains Exemption “LCGE” (currently $835,714); and […]


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