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| November 2017 |
| Ontario small business income tax relief ahead of the minimum tax wage increase |
Tricia A. MacPherson is a Manager, Tax, located in the Toronto office of Collins Barrow
Derek de Gannes is a Director, Tax, located in the Toronto office of Collins Barrow |
| Ontario Minister of Finance Charles Sousa announced a reduction to the small business tax rate to take effect on January 1, 2018. Today’s alert will focus on the tax rate change, its effect on personal dividend tax rates and highlight other Ontario tax changes in the Minister’s update. |
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| Collins Barrow periodically publishes Tax Flash for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada. While Tax Flash may suggest general planning ideas, we recommend professional advice always be sought before taking specific planning steps. |
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