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| October 2017 |
| Public pressure results in Finance re-examining proposed tax changes |
| Salome Victor and Sankalp (Sunny) Jaggi are managers located in the Toronto office of Collins Barrow |
| On October 16, 2017, the Department of Finance (“Finance”) released changes (“announcement”) to the tax proposals previously announced in July 2017 (see CBT's summary here). Today’s updates focused on the lifetime capital gains exemption and income sprinkling |
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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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