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From the Department of Finance website:
The Government of Canada is committed to fixing a tax system where wealthy and high income individuals are encouraged to use their private corporations to pay lower tax rates than middle class Canadians. The Government has listened to small business owners, professionals and experts during the consultation on tax planning using private corporations, and will act on what it has heard. ...
The Government will base its next steps on the following key principles. We will:
Avail CPA will continue to monitor the federal government's response and decisions. Talk to your accountant today for more information about how the proposed changes may affect you.