The stated goal of the changes is the ensure that income sprinkling – also known as income splitting – is used to compensate family members for actual contributions to a small business, as opposed to being used as a way of paying less tax.
The report concludes that the new tax measures could be expected to bring in $356-million in 2018-19 – compared to the Finance Department projection of $190-million. The PBO says the amount will rise to $429-million by 2022-23, in contrast to the government's projection of $220-million in new revenue that year.
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