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| November 2016 | ||||||
| The small business deduction | ||||||
| Catherine Rau, CPA, CA, is a tax manager in the Windsor office of Collins Barrow | ||||||
| Scott Dupuis, CPA, CA, is a tax partner and managing partner in the Windsor office of Collins Barrow | ||||||
| The small business deduction has been the focus of much attention recently, with perceived abuse of the available deferral provided to corporations. Of particular concern are corporate and partnership structures that work around the existing partnership and association rules to multiply their small business deductions. In response, the 2016 Federal Budget has taken steps to close these gaps in the legislation and limit the use of the small business deduction to its original intention. | ||||||
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