On July 18, 2017, the Department of Finance released its much-anticipated consultation paper, “Tax Planning Using Private Corporations”, announced in the 2017 federal budget (the “consultation paper”). The consultation paper, along with the draft legislation released therewith, contain a number of fundamental changes to the taxation of private corporations and family trusts.
Understanding the basics about the WSIB's NEER financial system is a challenge for many employers. With limited time available to prepare for the upcoming implementation of the new Rate Framework, which will replace NEER, there are a few basic concepts you should understand regarding the current program.
The Office of the Privacy Commissioner of Canada (“OPC”) recently released a preliminary report outlining the results of a series of focus groups conducted with Canadians about privacy and the protection of personal information.