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Tax Planning Using Private Corporations

Canadian Tax Alert

Sheri Penner, Deloitte Private’s Tax Leader for Canada, highlights the proposed tax changes affecting private corporations in Canada that were announced on July 18, 2017. She explains the areas of concern and some of the potential results we can expect from these proposed changes.

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

Three tax planning strategies are being reviewed:

  • Income sprinkling
  • Holding a passive investment portfolio inside a private corporation
  • Capital gains

To read a summary of the tax highlights, download a copy by clicking on “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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