Change is the Only Constant: A Perspective on Changes to Canadian Income Tax Rules for Private Corporations
O'Sullivan Estate Lawyers
January 25, 2018
On July 18, 2017, the Federal Government announced changes to close “loopholes” in the taxation of private corporation income. One of the stated goals is to provide for “fairness” in the taxation of income so that business income earned through a private corporation is not “unfairly” subject to lesser rates