Quebec to Follow Federal Government on Limiting the Small Business Deduction for CCPCs Earning Passive Income

Quebec’s government announced that it will amend its tax legislation to parallel the federal government’s measure – announced as part of the 2018 budget – to grind down the small business deduction limit for CCPCs having between $50,000 and $150,000 in investment income for taxation years that begin after 2018. Quebec’s government announced the following: […]

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