On July 18, 2017, Minister of Finance Bill Morneau announced the launch of consultations on tax planning using private corporations. Canadians are invited to submit their comments on the government’s proposals. The deadline for interested parties to submit their comments is October 2, 2017.
Tax Bulletin: US legislative changes – Filing due dates
In the year 2015, US legislative changes were made through the adoption of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015. Discover our overview of the main changes, effective for taxation years beginning after December 31, 2015.
Tax Bulletin – Are Inter-Corporate Dividends Always Tax-Free?
Significant changes have been proposed concerning a provision of the Income Tax Act regarding tax-free inter-corporate dividends. As a result of these changes, several inter-corporate dividends, which were previously tax-free, could now be taxed as capital gains.
Tax Bulletin – RL 31 Slip: New obligation to file an information return for lessors
The RL 31 is a new slip that must be issued by any person or company that is the owner of a residential complex and leases a dwelling in Quebec (other than CHSLD, low-rental housing, hotel establishments or rooming house leased for a period of less than 60 consecutive days) for which rent was paid or was payable on December 31, 2015. (French version only)