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| October 2017 |
| Finance abandons the surplus stripping rules for now |
| Salome Victor and Sankalp (Sunny) Jaggi are managers located in the Toronto office of Collins Barrow |
| On October 19, 2017, the Department of Finance (“Finance”) announced that it will abandon the proposed tax measures aimed at restricting the conversion of income into capital gains (“anti-surplus stripping rules”). |
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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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