The Macchiusi Sales Team, Weiss Realty Ltd Brokerage (2021)
December 18, 2017 -- On December 13, the Federal Government took steps to clarify new rules around tax planning using private corporations.
The Minister of Finance proposed explicit rules for business owners that suggests the following individuals will be exempt from new income sprinkling rules:
CREA announced it will review the changes closely with its tax experts and continue to work with the government to ensure further changes are fair and adequate for real estate business owners across the country.
Read the full release from CREA here.
The Macchiusi Sales Team - Weiss Realty Ltd. Real Estate Brokerage (2021)