Published in the September 2017 issue of Washington Update
With the debt ceiling and government funding temporarily addressed, Congress and the White House are turning to tax reform. It appears a reform proposal is likely to be released by the end of September but details are scarce. It does appear that the border tax adjustment concept is no longer under consideration.
Canada Tax update - Planning Using Private Corporations
Washington Update provides critical updates on legislative and regulatory activities relevant to the work truck industry. Learn more about NTEA's advocacy initiatives.
In Budget 2017, the Canadian Government signaled its intention to address specific tax planning strategies involving the use of private corporations. The proposed changes have important implications for small business across various sectors. The Government has announced consultations on this issue which are open until Oct. 2, 2017. For more information, consult the summary overview.