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Jul 20, 2017

Sweeping Proposed Tax Changes to Private Corporations

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On July 18, 2017, the Department of Finance released legislative proposals (“Proposals”) and a consultation paper dealing with tax planning using private corporations. The 2017 Federal Budget alluded to certain changes to tax planning for private corporations, but the impact of the Proposals is far-reaching. In fact, these Proposals affect many of our owner-manager clients. 

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