Many of you have been reading my newsletters for years and have read many postings from me about family income splitting using low rate inter-family loans. Most recently, in January, I wrote about the need to be aware of the possible increase in the prescribed rate. There are rules in the Income Tax Act, referred to as the income attribution rules, which will, in certain circumstances, attribute income earned by one taxpayer to another. For example, if I give money or other p

The Honourable Diane Lebouthillier Minister of National Revenue House of Commons Ottawa, ON, K1A 0A6 Madame Minister: Re: July 18th, 2017 Proposed Tax Changes I write to you as a tax practitioner with almost 40 years of experience. I have seen many changes in legislation over the years, and many changes in the manner in which the Canada Revenue Agency and its predecessors (the Canada Customs and Revenue Agency, and the Department of National Revenue) have administered the In