December 18, 2017
On December 13, 2017 the Department of Finance released revised draft legislation concerning the income sprinkling rules. These rules were originally announced on July 18, 2017 and were the subject of much criticism. The new rules are to take effect January 1, 2018 and although they are an improvement over the rules released on July 18, they still leave much to be desired.
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they provide an overview of the updated information.