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Finance proposals on “Tax Planning Using Private Corporations”: Income splitting and lifetime capital gains exemption

Canadian Tax Alert

Sheri Penner, Deloitte Private’s Tax Leader for Canada, provides a summary on what the proposed changes to income splitting and the lifetime capital gains exemption might mean for your private corporation.

On July 18, 2017, the Department of Finance released a consultation document and draft legislation which contained proposals that, if enacted, will affect private companies and their shareholders.

This Canadian Tax Alert looks specifically at the proposed changes to income splitting and the lifetime capital gains exemption and is aimed at providing a more thorough analysis of those proposals, with examples of how the proposals could affect various transactions and structures.

To read more, you can download a copy of our alert by clicking “Download Alert.”

 

Your dedicated team:

Sheri Penner
National Deloitte Private Tax Leader
506-663-6637

Quebec 
Geneviève Provost
514-393-7806

Eastern Region
Sheri Penner 
506-663-6637

Toronto 
Michael Belz
416-643-8712

Western Region
Mike Bird
403-267-1852

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