EYEY

Canada Revenue Agency updates views on safe income

|Tax Alerts, Information Reporting, Legis ...|Canada
Canada

  • The Canada Revenue Agency (CRA) recently gave an update of its views with respect to the computation of "safe income," which is relevant for applying the anti-surplus stripping rules in section 55 of the Income Tax Act.
  • A detailed summary of these clarifications and changes will be included in a CRA position paper to be released in the coming weeks.
  • The purpose of the CRA's presentation was to provi…

Continue Reading