This tax ‘loophole’ has helped rich Canadians avoid millions in taxes for their private corporations. Now the government wants to shut it down - Toronto Star
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4/9/2022 12:00:00 AM3 yearsago
The 2022 budget says its targeting those who manipulate the status of their private corporations to avoid paying a higher rate on investment income.
The federal government plans to stamp out a tax planning strategy that wealthy Canadians are using to minimize substantial taxes on their corporations’ investment income. The proposed measure, outli… [+4961 chars]
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