On October 16, 2017, Finance released an updated document named “Backgrounder: Income Sprinkling Using Private Corporations” (http://www.fin.gc.ca/n17/data/17-097_1-eng.asp).

Back in July, Finance released “Legislative Proposals Relating to the Income Tax Act and The Income Tax Regulations” (https://www.fin.gc.ca/drleg-apl/2017/ita-lir-0717-l-eng.pdf).  This release is specifically targeting the income sprinkling strategies widely used by small businesses.