Overview of Tax Changes for Private Corporations Between 2015 and 2018
Date: October 09, 2018
Speaker: Dawn Tipton and Mike Stubbing
Dawn Tipton, CPA, CA, TEP, CFP is a senior tax manager at Grant Thornton LLP in Victoria. She has presented extensively on various tax subjects, and facilitates CPA Canada's In-Depth Tax Course.
Mike Stubbing, CPA, CA, TEP, CFP is a tax partner at Grant Thornton in Victoria. He has written and taught extensively on tax matters for many organizations. Mike is also the National Leader for Grant Thornton's Succession and Estate Planning Group.
There have been a significant number of legislative changes affecting private corporations and their shareholders over the last five years. Dawn Tipton and Mike Stubbing will provide a high-level overview of the changes and the implications. The legislative amendments include:
- passive income proposals
- tax on split income ("TOSI")
- proposals reducing ability to claim the small business deduction
- eligible capital property
- changes to subsection 55(2), and
- Graduated Rate Estate/Life interest trust proposals.