Consultation Paper on Tax Planning Using Private Corporations
28 Pages Posted: 30 Mar 2018
Date Written: October 2, 2017
Abstract
This paper was submitted to the Department of Finance, Canada during the public consultation regarding proposals to eliminate some tax planning advantages for private corporations. It supports the direction of introducing more fairness in the tax system by preventing income-shifting (such as dividend sprinkling), surplus stripping (converting dividends into capital gains) and tax deferral. It offers alternative measures to achieve the desired objectives.
Keywords: Private corporations, dividend sprinking, surplus stripping, income shifting, passive investment
Suggested Citation: Suggested Citation
Li, Jinyan, Consultation Paper on Tax Planning Using Private Corporations (October 2, 2017). Osgoode Legal Studies Research Paper No. 73, Available at SSRN: https://ssrn.com/abstract=3152545 or http://dx.doi.org/10.2139/ssrn.3152545
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