Canada Revenue Agency updates views on safe income

13 December 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Canada

The Canada Revenue Agency (CRA) recently gave an update of its views with respect to the computation of "safe income," which is relevant for applying the anti-surplus stripping rules in section 55 of the Income Tax Act.
A detailed summary of these clarifications and changes will be included in a CRA position paper to be released in the coming weeks.
The purpose of the CRA's presentation was to provide the tax community with an overview of certain clarifications and changes in the CRA's historical …

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