Income Splitting: How Will the Amendments Affect You?
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On July 18, 2017, Finance Minister Bill Morneau released a consultation paper and draft legislation to amend the Income Tax Act to target what the Liberal government perceives as unfair tax benefits afforded to private corporations and shareholders of these private corporations. On December 14, 2017, revised draft legislation was released dealing with the new rules on income splitting.
In this webinar our panel discussed the content and consequences of the proposed changes to the Income Tax Act.
- What income splitting is now permissible?
- What changes are required to your corporate structure?
- Can the lifetime capital gains exemption still be multiplied?
- Numerous examples illustrating how the new rules work
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