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Sweeping Tax Proposals to Impact Private Corporations, Their Shareholders (including Family Trusts) and Post-Mortem Tax Planning

By Ryan Morris | WeirFoulds LLP | JULY 21, 2017
On July 18, 2017, becoming or staying an employee (particularly a government employee) became more attractive. That is the date the Trudeau government released the consultation paper that was promised in the 2017 Federal Budget regarding "the use of tax planning strategies involving private corporations that inappropriately reduce personal taxes of high-income earners." Draft legislation and explanatory notes for many of the proposals were also released with the consultation paper. The public has until October 2, 2017 to make submissions.