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Do you understand what the July 18, 2017 private corporation tax proposals mean for your business or for your clients?

Complimentary information session presented by: Moodys Gartner Tax Law and Wildeboer Dellelce LLP
Presenters: Kim G C Moody FCA, TEP (Director, Canadian Tax Advisory) of Moodys Gartner Tax Law, and Katy Pitch (Tax Partner) of Wildeboer Dellelce LLP

On July 18, 2017, the Government of Canada released tax proposals that will have a dramatic effect on the taxation of private corporations and their shareholders. These untoward proposals represent some of the most punishing tax changes for entrepreneurs in the last 50 years. The consultation period for these proposals is very short, and ends on October 2, 2017. Although many organizations are pushing for an extension of the consultation period, there is no guarantee it will occur.

Moodys Gartner Tax Law will be holding an information session geared towards private corporations, their shareholders, and any of their advisors. It is important that individuals potentially affected by these proposals become aware of the possible consequences and learn what their next steps should be.

Topics that will be covered in the information session are:

  • Proposed taxation changes to income splitting and capital gains deduction rules;
  • Proposed taxation changes to the accumulation of passive assets/income in a private corporation;
  • Proposed taxation changes to the conversion of otherwise taxable dividends to capital gains;
  • Are these proposed changes necessary to achieve “fairness”?
  • What should you do as a result of these proposals?

Date: Wednesday, September 20, 2017

Location: 

The Omni King Edward Hotel
37 King St E, Toronto, ON M5C 1E9
Vanity Fair Ballroom, 2nd floor

Time: 8 – 9:45 a.m. EDT

Registration: Online through Eventbrite or email rsvp@moodysgartner.com

Please register by midnight on Tuesday, September 19, 2017. Information session subject to capacity.

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Below you will find all the relevant media coverage, blogs/podcasts, and presentations about the new Canadian private corporation tax proposals:

News:

  • Kim G C Moody is quoted in an article entitled “Small-business tax fight dominates Parliament’s return”, September 18, 2017, The Canadian Press
  • Greg Gartner is quoted in an article entitled, “Feds refuse to back down on proposed tax changes”, September 18, 2017, The Western Producer
  • Kim G C Moody is quoted in an article entitled “Central Albertans speak out on Liberal tax changes”, September 14, 2017, Sylvan Lake News
  • Greg Gartner is quoted in an article entitled, “Farmers furious over Ottawa’s tax changes, but too busy harvesting crops to mount a fight”, September 7, 2017, Financial Post
  • Kim G C Moody speaks to Danielle Smith of QR77 about the new Canadian private corporation tax proposals and what they could mean for entrepreneurs. September 6, 2017, CHQR Newstalk 770.

  • Kim G C Moody is quoted in an article entitled “Mr. Trudeau’s government declares class warfare”, September 6, 2017, The Globe and Mail

  • Kim G C Moody speaks with BNN about how the new tax proposals could have a ‘devastating’ effect on Canadians, August 30, 2017, BNN
  • Kim G C Moody speaks with Global News about what the new private corporation tax proposals could mean for business owners, August 30, 2017, Global News
  • Kim G C Moody is quoted in an article entitled “Warkentin condemns tax hikes”, August 30, 2017, Fairview Post
  • Kim G C Moody is quoted in an article entitled “Concern mounts over Morneau’s proposed tax changes affecting small businesses”, August 29, 2017, The Globe and Mail
  • The Financial Post published an article written by Kim G C Moody and Kenneth Keung on August 16, 2017, Financial Post
  • Kim G C Moody is quoted in an article entitled “Small business owners say they are unfairly targeted by proposed tax changes”, August 13, 2017, CBC News
  • Kim G C Moody is quoted in an article entitled “Beware the unintended consequences of Ottawa’s private corporation tax changes”, August 1, 2017, Financial Post
  • Kim G C Moody is quoted in an article entitled “Tax changes would hurt profitable businesses, opponents warn Ottawa”, July 19, 2017, The Globe and Mail

Presentations:

Blogs/Podcasts:

Myths and Facts:

  • In an effort to help navigate some of the confusing information surrounding this topic, we have compiled a sheet of Myths and Facts to help you determine who or what you should believe.

Letter to the Minister: