The major tax increase of these new proposals is the little understood refundable dividend tax rules changes whereby the refundable dividend tax has been proposed to be eliminated creating in effect at least double taxation in dividends funnelled through a corporation.This is where the most of the extra tax payable will come from and changes a system that was designed to give credit for corporate taxes already paid in the Investee corporation.To remove this totally fair refundable credit makes investing in quoted Canadian companies by this method a non starter.More Canadian jobs lost,nice one liberals keep shooting those toes off and  soon none left to stand on.

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