Canada to Introduce Measures to Limit the Tax Deferral Opportunities Related to Passive Investments

According to a release from Canada's Department of Finance, the Government intends to introduce measures to limit the tax deferral opportunities related to passive investments. In developing these measures, the Government will ensure that:

• All past investments and the income earned from those investments will be protected;
• Businesses can continue to save for contingencies or future investments in growth;
• A CAD 50,000 threshold on passive income in a year is available to provide more flexibi…