Summary of the New Federal Proposals by FL Partners Nick Moraitis & Josh Miller

On July 18, Finance Minister Bill Morneau unveiled plans to tighten what the federal government calls “unfair” loopholes for private corporations that enable many wealthy Canadians, including professionals like some lawyers, to reduce the amount of tax they pay. In a series of 6 capsules, FL Fuller Landau’s Tax Partner Nick Moraitis gives his comments…