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CHANGES IN TAX RULES MAY LESSEN THE TAX BURDENS ON INTERGENERATIONAL TRANSFERS
March 2nd, 2022 by Gemma Brown
By Gemma L. Brown, Partner and Alexandra Philippot, Articling Student-at-Law Bill C-208, which was introduced by Larry Maguire, MP from Brandon-Souris, makes amendments to the Income Tax Act by aiming to lessen the tax burden on intergenerational transfers of small businesses, family farms or fishing corporations. This bill addresses a gap in the Income Tax Act that made it more costly for small business owners… Read More »
