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Tax Changes to Private Corporations

On July 18, 2017, the Department of Finance (Finance) released a 60+ page consultation paper entitled “Tax Planning Using Private Corporations”. This follows up on concerns expressed by Finance in Budget 2017 that high income Canadians were using private corporations to obtain tax advantages that are not available to other Canadians. To ensure members are familiar with the proposals and CALU's action steps, we have created a special section of the member-only side of the website so you can easily access various materials. Click here to access it now.


CALU has made two submissions: one specific to section 84.1 and family business succession, and the other specific to the balance of the proposals

Update: The Coalition for Small Business Tax Fairness

The Coalition has grown in size and has sent Finance Minister Morneau a new letter. Click here for details.

CALU Joins Coalition

CALU has joined 34 other organizations from across Canada to form the Coalition for Small Business Tax Fairness. Click here for more details.

Articles of Interest

Click here to access a list of various articles (in descending chronological order) that have been written about the government's proposals to make changes to the taxation of private corporations.

Webcast Replay

Click here for details on how to access the recording of the member-only webcast held on Tuesday, August 29.

CALU 2017 Regional Meetings - Registration is Now Open

Registration is now open for CALU's 2017 Regional Meetings, to be held in eight locations across Canada, and by webcast between November 1st and 29th. Click here to register today.

2017 PCI Forms Due

Active and Provisional Members are reminded that their 2017 Political and Civic Involvement form is due by October 31.Click here for more details.

CALU Makes 2018 Pre-budget Submission

CALU has made a submission to the House of Commons Standing Committee on Finance as part of the Committee's 2018 pre-budget consultation process. Please click here for more details.

Retail Sales Tax on Insurance

Saskatchewan has imposed a 6% retail sales tax (RST) on individual and group insurance premiums. Please click here for more details.

2017 AGM Presentations Available

Please click here for access to presentations and other materials from the 2017 AGM.

Latest infoEXCHANGE Now Available

The 2017, Vol. 2 edition of CALU's infoEXCHANGE is now available on the member-only side of the website. Please click here for more details.

Upcoming Events

Click here for a list of upcoming CALU events.

May 2017 Edition of CALU Report Released

The May 2017 edition of the CALU Report, entitled "A Pensions Wish List," has now been posted to the member-only side of the website. Please click here to access it now.

CALU Special Report Released

Angela Ross, Ken Griffin and Jonathan Bright have written a CALU Special Report on the new back-to-back shareholder loan rules and the impact on collateral insurance arrangements. Please click here for more details.

CALU Releases Third Practice Note

The Market Conduct Standards Technical Committee, Chaired by Roger Thorpe, has released their third Practice Note, “Leveraged Insured Annuities: Following Best Practices,” which provides background on various insured annuity arrangements, discusses the LIA policy rules introduced in 2013, and reviews newer arrangements that may be the subject of review by the Canada Revenue Agency or the Department of Finance. This note also comments on best practices when putting in place investment loans which are collaterally secured by life insurance and/or annuity products. Please click here for more information.

CALU Submissions on 2016 Federal Budget Proposals

CALU has now written to the Department of Finance on three occasions to comment on proposed changes contained in the March 22, 2016 federal budget relating to the tax treatment of certain transactions involving life insurance owned by partnerships and corporations. Please click here for more information.