Absolutely not. It will not apply to public companies at all. The public company on inactive income would be paying 27% tax. A foreign-owned company would be paying 27% tax.
On September 28th, 2017. See this statement in context.
On September 28th, 2017. See this statement in context.
September 28th, 2017 / 10:55 a.m.
Partner, Peace Region Tax Leader, MNP LLP
Absolutely not. It will not apply to public companies at all. The public company on inactive income would be paying 27% tax. A foreign-owned company would be paying 27% tax.
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