Feigenbaum Law

income splitting

MLI

Corporate Tax Planning

Canadian Government Announces Revised Income Splitting Rules

Last week, Canada‚Äôs Department of Finance released revised draft legislation, accompanied by a guidance document, intended to simplify the income sprinkling proposals initially introduced in July 2017. Concurrently, the Canada Revenue Agency (CRA) provided its own guidance on how it plans to implement and enforce the newly revised rules. The new legislation will apply as of January 1, 2018. As we previously blogged about, the original proposals were met with opposition and… Read More