Tax Planning for CCPC's from the Experienced Chartered Professional Accountants at Mew + Company
At the start of 2018, tax advisors and incorporated businesses awaited the 2018 federal budget with high levels of anxiety. The initial announcement to eliminate the tax deferral advantage that a CCPC enjoyed using its after-tax business income to earn passive income was severely punitive. As time passed, Ottawa responded to input from the business community and tax advisors, and the 2018 federal budget offered some relief to vested parties.
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