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Proposed legislation to eliminate double taxation of dividends paid by large Canadian corporations to Canadian individual shareholders

|Proposed Changes|Canada
Canada

The Minister of Finance released for public comment on 29 June 2006 draft legislative changes to lower the income tax rate on dividends paid by large Canadian corporations to Canadian individual shareholders. The impetus behind the legislative amendments is the need to improve tax neutrality, and to achieve a more balanced tax treatment of corporations and publicly listed flow-thro…

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