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IN THIS ISSUE (#65)

FEDERAL AND QUEBEC INCOME TAX CHANGES

2016-2017 CHANGES FOR INDIVIDUALS

• Lower Taxes for Middle Class
• Replacement of the Universal Child Care Benefit (UCCB)
• TFSA – Tax-free Saving Account
• Tax Credits to be Eliminated Progressively
• Tax on the Wealthiest 1%
• Income Splitting
• Tax Credits to be installed

2016-2017 CHANGES FOR CORPORATIONS

• Small Business Tax Rate
• The Small Business Deduction (SBD)
• Life Insurance Policy
• Business Transfers between Non-Arm’s Lengths
• Eligible Fixed Assets
• Rights on Transfer Duty

**IMPORTANT CHANGES**

• End of the Multiplication of the Small Business Deduction
• Discussion to have between partners

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Sincerely,

Michel P. Laliberté, FCPA Auditor, FCGA Éric Sauvé, CPA Auditor, CGA
Paul Bélanger, CPA Auditor, CA Laurice Hage, CPA Auditor, CA

Porter Hétu International (Qc) Inc. offers you a full range of logoprofessional services in accounting and assurance, management advisory, business plans and proposals, estate planning, tax planning, forensic accounting, mergers and acquisitions, business reorganization, IT support, legal and consulting services.

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