On November 14, 2017, the Government of Ontario released its economic update. The update contained an important change to the funding of apprenticeship training in Ontario. For many years, the Ontario government provided assistance to employers via a refundable income tax credit called the Apprenticeship Training Tax Credit (ATTC). Effective for apprenticeships registered on or […]
As you are likely aware, on July 18th, 2017, the government announced draft legislation to amend the Income Tax Act with an aim to significantly change tax planning strategies for Canadian controlled private corporations and their shareholders due to what the Liberal government perceives as unfair tax benefits.