Finance committee  I simply want to say, as to the first and last measures, that that could be done quite quickly. However, as to the passive investments, I think that we have more time since there are no defined rules as such. There could perhaps be another step, either a consultation or a more de

Finance committee  Thank you for your question. As I explained, we hear less about the third category of measures because their purpose is to block aggressive tax planning. There is a proposal to amend section 84.1 of the Income Tax Act and to create section 246.1, which is an anti-surplus strippi

Finance committee  It's the same thing: no.

Finance committee  Thank you for the question, Mr. Sorbara. What you are proposing, that is to say not taxing income, is one way of doing things. The same tax rate would apply, and there would only be additional tax, which would not be returned, when the money is taken out of the corporation. That

Finance committee  That objective is indeed difficult to reach. In reality, the reason for lower corporate tax rates is to allow and facilitate reinvestment. According to what I understand, the government now wants to prevent people from putting money aside in order to fund various plans, as you qu

Finance committee  The answer is yes, there are tax advantages to incorporation. Mostly, it allows you to defer income tax, since you pay a lower corporate tax rate, which can be between 14.5% and 22%, or 26%, depending on the criteria. By comparison, an individual is taxed according to a progressi

Finance committee  Good morning. Mr. Chair and members of the committee, thank you for the invitation to come to address you here. I have been a professor of taxation at the Université du Québec in the Outaouais since May 1, 2015. My interests and field of research are mainly in the area of aggre