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ARTICLE · 21 SEPTEMBER 2017

Private Company Income Splitting

Gardiner Roberts LLP
Gardiner Roberts LLP
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Current rules for income splitting with CCPC

CanadaCorporate/Commercial Law
William Bernstein
William Bernstein
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Topics to Review

  1. Background to proposed changes
  2. Current rules for income splitting with CCPC
  3. Proposed changes for income splitting with CCPC
  • Expanding base of individuals
  • Expanding types of split income
  • Exemptions
  1. Planning issues
  • What is no longer available or restricted
  • What is still available
  • To do prior to 2018
  1. Take‐aways

Background to Proposed Tax Changes

  • Federal budget 2017 warning about governmentconcerns as to tax Issues for private corporations
  • July 18, 2017 Department of Finance draft legislation, explanatory notes and consultation paper proposing to fundamentally overhaul system of taxation of private corporations, their shareholders and family members

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