TaxMatters@EY – June 2015
Building a better working world means understanding your tax situation and how the ever-changing global tax landscape affects you. TaxMatters@EY is a monthly Canadian bulletin that summarizes recent tax news, case developments, publications and more.
The current low interest rates present a window of tax-planning opportunity for anyone interested in income splitting with their lower-income spouse or partner and/or children or grandchildren. We discuss prescribed rate loans and how you might benefit from such an arrangement.
The June issue also features:
- Maximum personal marginal income tax rates for non-eligible dividend income for 2015-19
- Transparency efforts of global tax authorities
- A recent Tax Court of Canada decision on de facto vs. de jure control of a business
- Findings from a recent EY survey of family businesses’ leading practices
You’ll find all this and more in this edition of TaxMatters@EY.