Some tax experts believe the passive-income proposal is the most-complex and most-contentious tax reform idea in the government’s three-part plan. OTTAWA—The federal government is moving to pare down its controversial tax proposal on passive income so that it will only affect three per cent of private corporations. Trudeau also said the government intended to move ahead with another controversial proposal from the tax package. Kim Moody, a director at Moodys Gartner Tax Law, said the passive-income proposal is the most-contentious part of the plan, which is probably due to the fact there’s far more money at stake. Greg Wiebe, managing partner for KPMG’s Canadian tax division, said the passive-income proposal troubles him the most out of Ottawa’s three initiatives.

Source: thestar October 17, 2017 19:41 UTC