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Another Day, Another Tax Announcement

tax(October 19, 2017) – Today, the Federal Government made another announcement regarding one of the controversial tax measures that was originally proposed on July 18, 2017.

 

The Federal Minister of Finance announced that the government will not be moving forward with the measure relating to the conversion of income into capital gains. This is welcome news as the potential broad application of this proposal was causing significant concern to business owners and their advisors.

 

The Minister also reiterated that the proposed measures to income sprinkling will be simplified.

 

 

Read previous updates here:

 

 

If you have any questions about how this impacts you or your business, please call us at  604.639.0909, or send us an email.