Govindadeva Bernier, Tim Scholz, "Income Sprinkling Using Private Corporations", Office of the Parliamentary Budget Officer (with thanks to “Finance Canada officials for their helpful technical discussions”), 8 March 2018

Summary Under
Tax Topics - Income Tax Act - Section 120.4 - Subsection 120.4(1) - Reasonable Return - Paragraph (b)

Preferred scenario assumes that all spouses aged over 24 are earning a reasonable return (pp. 1-2)

The Parliamentary Budget Officer (PBO) …...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Summary Under
Tax Topics - Income Tax Act - Section 120.4 - Subsection 120.4(3)

95% of additional federal tax to be collected from families with taxable income over $150,000

The Parliamentary Budget Officer (PBO) … computed...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Summary Under
Tax Topics - Income Tax Act - Section 120.4 - Subsection 120.4(1) - Excluded Amount - Paragraph (g)

Overview of 13 December 2017 changes (pp. 6-7)

Specified individuals aged 18 to 24 would be required to provide a greater labour contribution, as...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.