Author: kengzt941303298
Canada – Government of Canada clarifies taxation for intergenerational transfers of small business shares
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, affirmed that Bill C-208 has been passed by Parliament, received Royal Assent, and has become a part of Canada’s Income Tax Act. The changes contained in this legislation now apply in law. This news release seeks to bring clarity to the government’s intentions going forward and replaces the June 30th news release on this subject. July 19, 2021 – Ottawa, Ontario – Department of Finance Canada Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, affirmed that Bill C-208 has been passed by Parliament, received ... Read more