Business Income Tax

CPA Canada Federal Budget Commentary

CPA Canada Federal Budget Commentary

On February 27th the Minister of Finance tabled his third budget, “Equality & Growth – A Strong Middle Class.”  The following is a brief overview of the key tax measures included in this budget. BUSINESS INCOME TAX MEASURES PASSIVE INVESTMENT INCOME EARNED BY PRIVATE CORPORATIONS The Budget proposes to introduce measures to reduce perceived tax advantages where a private corporation earns passive income. The announcement that such measures were going to be introduced was first …

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