Tax Planning: 2023 Year-end Considerations for Businesses and Individuals
E-BOOK | OCTOBER 16, 2023
Authored by RSM Canada
RSM Canada’s 2023 year-end tax guide summarizes the key federal, provincial, and territorial tax updates that may create risk or opportunity for middle-market taxpayers in 2024 and beyond.
Tax trends and topics discussed as the Canadian economy moves into 2024 include:
- Revisions to the general anti-avoidance rule
- Mandatory disclosure rules
- Financial institutions dividend
- Tax on repurchase of equity
As year-end approaches, companies and individuals alike must carefully consider tax-planning opportunities in light of economic uncertainty and evolving tax legislation and regulations. Learn more in our year-end planner.
Canadian tax integration on private company Income
Tax integration is achieved when a particular stream of income is subject to the same or similar total tax rate once it reaches the individual taxpayer level. These tables provide an illustration of how the Canadian income tax integration system works.