Dec 13 2017 Government Simplifies Measures to Restrict Income Sprinkling
Post date: Dec 13, 2017 11:05:36 PM
The federal government has made announcements regarding "Income Sprinkling". The press release and related documents can be found here:
We will be reviewing this in detail with our network of tax experts and will be happy to review the potential implications to your and your family.
BDO has offered the following as a summary of the changes: https://www.bdo.ca/en-ca/insights/tax/tax-alerts/tax-alert-government-simplifies-measures-to-rein-in-income-sprinkling/
Collins Barrow reports the following: https://www.collinsbarrow.com/en/cbn/publications/amendments-to-the-income-tax-act-and-status-of-proposed-measures