
TAX ALERT – Government Simplifies Measures to Rein in Income Sprinkling
Article contributed by BDO Canada LLP
On December 13, the federal government released legislation to simplify restrictions on income sprinkling, proposed to go into effect January 1, 2018. These revisions indicate they have listened to feedback during the consultation period, by providing more certainty to taxpayers through the introduction of “bright-line” tests to automatically exclude some family members, and allow income sprinkling for those members who make sufficient contributions to the business.
Click here to read the complete summary of what the revised legislation contains.
Locally, your BDO partners focused on the real estate and construction sector include:
North Okanagan: David Nardi, 250.545.2136 or dnardi@bdo.ca.
Central or South Okanagan: Britt Vig or Alan Sanderson at bvig@bdo.ca or asanderson@bdo.ca or at 250.763.6700
The information in this publication is current as of December 13, 2017.


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