Canadian Government Clarifies Tax Changes Around Income Sprinkling for 2018  

Canadian Government Clarifies Tax Changes Around Income Sprinkling for 2018  

 

The liberal government made an announcement on December 13, 2017 regarding their revisions to their proposed tax changes on income sprinkling, which was first announced on July 18, 2017. These revisions addressed some of the concerned expressed by taxpayers during the consultation period, which ended in October 2017, about the initial tax proposals.   Essentially the Liberals have proposed three exemptions which can be found on the attached link to the article prepared by BDO Canada LLP.  Please feel free to contact me to discuss how these changes may impact you.

 

https://www.bdo.ca/en-ca/insights/tax/tax-alerts/tax-alert-government-simplifies-measures-to-rein-in-income-sprinkling/

Comment provided by:

Jonathon (Tug) McGraw, BCOMM, CPA, CA

BDO Canada LLP

Jonathan can be reached at: jmcgr

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