At SLF, we continue to monitor the latest updates from the Municipal, Provincial and Federal authorities. On March 25, 2020, the Ontario government announced the province’s economic and fiscal update (Action Plan...
Revised Income Sprinkling Measures
On December 13, 2017, the federal Department of Finance released revised proposals concerning tax planning with private corporations with respect to the measures restricting income sprinkling among family members. The proposals were...
Phasing out of the input tax refund (ITR) restrictions for large businesses
On October 25, 2017, Revenu Quebec issued an Interpretation and Administrative Bulletin, TVQ.206.1- 10, Particulars regarding the phasing out of the ITR restrictions applicable to large businesses that are to begin on...
Proposed measures – tax planning using private corporations
In the latest Federal Budget, pronounced on March 22th 2017, Finance Minister Bill Morneau announced that there will be changes in the taxation of private corporations. On July 18th, 2017, the Department...