Federal tax proposal most ‘controversial’ Kamloops accountant has ever seen
KAMLOOPS — Proposed changes to the federal tax system are causing quite a stir locally.
That from Starr Carson, managing partner for KPMG’s Kamloops office.
One of the proposals seeks to tax employees for discounts they get at work, the other is a proposal aimed at reining in ‘income sprinkling,’ also known as ‘income splitting,’ which allows small businesses to shift income to family members who don’t necessarily work for them.
(On Wednesday, the federal government appeared to backtrack on the change to employee discounts when it said it planned to hold an internal review on the matter.)