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On July 18, 2017, the Honourable Bill Morneau, Minister of Finance, released draft legislation proposing tax changes that affect private corporations. One of the key issues addressed was private corporations that hold passive investment portfolios and the perceived advantage to taxpayers that do so.
In this update, we will take an in-depth look at the current rules that apply to these investments, as well as the proposed changes being contemplated by the government.
MNP will be working with our clients to determine the potential effect of such changes on their businesses and how to mitigate the impact of these changes.
For more details, download
MNP’s overview of the proposed legislation and / or
contact your local MNP advisor.
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