CALU Special Report – Finance Consultation on the Taxation of Private Corporations
On July 18, 2017, the Department of Finance released a consultation paper and draft legislation that will significantly and negatively impact the tax and succession planning arrangements of many shareholders of private corporations. CALU is very concerned with this legislation, and believes that if these proposals are enacted as described in the consultation paper it will send a very negative message that will stunt the growth of the small business sector.
