Updated proposals on the taxation of private corporations.
The information provided on this page is exactly as it is in the official Deloitte document provided on October 20th, 2017.
October 20, 2017
Over the past five days, the Minister of Finance issued a number of announcements regarding the taxation of private companies, highlighting changes that will be made to proposals originally released on July 18, 2017. These changes come only two weeks after the close of the consultation period, a process that attracted over 21,000 submissions.
This Canadian Tax Alert provides a summary of the changes announced this past week, with a comparison to the July 18, 2017 proposals.