The year 2017 was eventful from both Canadian and U.S. tax perspectives. In Canada, the Liberal government introduced new rules on income splitting and released controversial proposals on the taxation of passive investment income earned by private Canadian corporations. In the United States, President Trump closed out his first year in office with the introduction of broad and complex tax reform legislation that will have a significant impact on the U.S. taxation of businesses and individuals.
This report looks back at tax developments in Canada and the United States in 2017 and offers a look forward to possible Canadian and U.S. tax developments in 2018.
Canadian Tax Review and Outlook
- Key Canadian tax developments in 2017
- Outlook for Canadian tax developments in 2018
Read our Canadian Tax Review and Outlook.
U.S. Tax Review and Outlook
- Key U.S. tax developments in 2017
- Outlook for U.S. tax developments in 2018
Read our U.S. Tax Review and Outlook.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.