Small-business advocates lament ‘appalling’ lack of detail ahead of Jan. 1 tax changes
Source: The Globe and Mail
Author: Adrian Wyld
The federal government will impose new restrictions on how small-business owners can divide income among family members as of Jan. 1, even though the promised details of the changes still haven’t been released.
Anxious business owners are warning the lack of information will create big headaches in the new year.
Dan Kelly, president of the Canadian Federation of Independent Business (CFIB), said the new rules could force companies to make complex revisions to their ownership structures.