On July 18, the Department of Finance released their discussion paper announcing proposed changes to tax planning using private corporations. Last week, on August 10, GGFL’s Tax Partner Chad Saikaley and Tax Manager Kody Wilson hosted a webinar highlighting the potential impact from the proposed changes. These changes include income sprinkling, lifetime capital gains exemption limitations, passive investments in a company, and surplus stripping. View the entire webinar below:
If you have any additional questions, contact GGFL by email at info@ggfl.ca, or by phone at (613) 728-5831.
