OTTAWA - The federal government is proposing several measures to close loopholes for private corporations it says enable many Canadians to "unfairly" reduce how much tax they pay. The Liberals unveiled plans today aimed at preventing some business owners, particularly wealthy ones, from distrbuting their income among family for tax-savings purposes, even if those relatives are **t involved in the business. The Finance Department believes about 50,000 ...
07-19-2017, 12:16 AM
Feds unveil plans to close tax loopholes
OTTAWA - The federal government is proposing several measures to close loopholes for private corporations it says enable many Canadians to "unfairly" reduce how much tax they pay. The Liberals unveiled plans today aimed at preventing some business owners, particularly wealthy ones, from distrbuting their income among family for tax-savings purposes, even if those relatives are **t involved in the business. The Finance Department believes about 50,000 ...
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