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Matishak Financial Services

"We are always helping you to understand, secure and improve your financial position."

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Private Company Tax Changes

Posted on 19 January, 2018 at 0:25

The private company tax changes originally proposed during the summer of 2017 by Bill Morneau and the subsequent amendments that were issued in December, just in time for the Christmas season, were among the more controversial actions carried out by the Federal Liberals in 2017. These proposals sought to make changes that would impact the taxation of the following:

• Income sprinkling - i.e, the practice of allocating private company shares among family members so as to lower th...

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