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| October 2017 |
| Proposed changes: Finance takes hard stance on passive income of private corporations |
| Salome Victor and Sankalp (Sunny) Jaggi are managers located in the Toronto office of Collins Barrow |
| On October 18, 2017, the Department of Finance (“Finance”) provided more details on its proposals (see CBT’s summary here) to target the deferral of tax benefits of passive investments within a private corporation. |
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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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