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December 2017 | |||||||
Amendments to the Income Tax Act and status of proposed measures | |||||||
Marlin Miller, CPA, CA, is a partner in the Calgary office of Collins Barrow Heather Forbes, CPA, CA, is a senior tax manager in the Calgary office of Collins Barrow | |||||||
On December 13, 2017, Amendments to the Income Tax Act and Regulations and Explanatory Notes to simplify measures to restrict income sprinkling were released by Finance Canada. Today’s Tax Flash will focus on the changes to the July 18 proposals, exclusions, reasonableness test and a brief update on the status of the proposed measures related to passive investments. | |||||||
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