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U.S. Shareholders —Take Action by December 31

U.S. Shareholders —Take Action by December 31

Certain U.S. individual shareholders residing in Canada may be affected in 2017 by the new proposed U.S. mandatory repatriation rules.


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As a result of a new transitional rule that will deem certain corporate foreign earnings as repatriated for U.S. income tax purposes, affected shareholders may want to have their Canadian company pay them dividends by December 31, 2017 to help mitigate the resulting unexpected increase in U.S. income tax. Doing so may ensure the shareholder's Canadian tax treatment better matches their U.S. tax treatment.

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