The federal government has outlined its proposed changes to the way Canadian private corporations are taxed. The white papers propose significant and complex changes to specific tax planning strategies. A majority of these proposed measures are going to take affect in 2018 and subsequent tax years.
If you are an owner of a private company, you may want to review these proposed changes or book a consultation with one of our tax professionals.
Read more here: http://www.fin.gc.ca/n17/17-066-eng.asp