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Subject: Request for provincial assistance on the taxation of passive investment income

New Rules on Passive Investment Income

Recommendations

In order to help protect businesses’ hard-earned investments, we are urging your government NOT

to follow the federal government in limiting businesses’ access to the provincial small business

deduction based on passive investment revenue. We urge the governments of PEI and Ontario to

reconsider their decision on following the federal government’s lead.

income splitting with family members:

o

o

passive investment income in a corporation:

o

o

o

o

o

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