McLeod Law



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The convenience of two offices (downtown and south Calgary) makes it easier to meet with your lawyers.

Calgary South

300, 14505 Bannister Road SE
Calgary, AB T2X 3J3

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Calgary Downtown

Manulife Place
500, 707 - 5 Street SW
Calgary, AB T2P 1V8

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Tax Advisory: Impacts to Professional Corporations and Business Owners

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The Department of Finance Canada has recently proposed new changes to the Income Tax Act which could have significant implications to business owners and professional corporations. The consultation is open to the public until October 2, 2017. Most changes are anticipated to take effect in 2018.

We encourage those who are trustees of living trusts or executors of estates with corporate shares, to seek consultation of a tax advisor, and a Wills & Estates lawyer regarding the non-tax implications within the proposed changes.

To read the proposed changes please click here

Contact any member of our Wills & Estates Group for more information on how the proposed changes may impact you.



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