Planning around the 2017 federal budget

With the 2017 federal budget likely due to be released in late February or March, there is speculation that the government may curtail the preferential tax treatment afforded to gains on the disposition of capital property. Currently, only 50% of gains realized on the disposition of capital property is included in a taxpayer’s income and subject to tax; this has resulted in a significant tax rate differential between ordinary income and dividends compared to capital gains. It is no surprise that a number of planning strategies have been developed to convert dividends and ordinary income to capital treatment.

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