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CIFPs: Tax & Budget 2012 Update

CIFPs: Tax & Budget 2012 Update

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EPSP – Government Consultations<br />

Government announced consultation with stakeholders<br />

on August 30, 2011<br />

End of consultation period: October 25, 2011<br />

Issues for consultation include:<br />

1. Eligibility to participate in an EPSP (non-arm’s length employees)<br />

2. Limitations on contributions<br />

3. Withholding requirements (income taxes, CPP & EI premiums)<br />

4. Role of minor children (income-splitting)

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