Canadian controlled private corporations are subject to a new set of complex tax rules relating to the refundable dividend tax on hand (RDTOH) balance.
Canada released its 2018 Budget Plan, which includes “rules aimed at ensuring that non-residents pay their fair share of tax on income derived from Canadian sources.”
The Canadian government has taken initial steps to implementing significant changes to the Canadian corporate governance regime.
At the end of March, the Canadian government announced the 2016 Budget, which contains a number of significant developments that would result in changes to the Income Tax Act and the Excise Tax Act. Here are some key changes relevant to businesses.