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Canada: Year-end considerations for owner-managers

Canada: Year-end considerations for owner-managers

Owner-managers subject to tax in Canada may want to review their year-end tax planning for 2019 to consider that distributions from their company are made in a tax-efficient manner.


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With Canada’s Liberal minority government, businesses may continue to be affected by existing rules relating to small businesses, including the relatively recent tax on split income (TOSI) rules and the new passive investment income regime.

Read a November 2019 report [PDF 331 KB] prepared by the KPMG member firm in Canada that includes a checklist with tips that may help owner-managers evaluate their compensation plan, family tax considerations, business tax considerations, and estate plan, among other items.

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