The Globe and Mail: Adrienne Oliver speaks about the amendment to tax rules on dividends

Ottawa’s newest tax hit signals concerning reliance on financial sector for revenue, analysts say

The 2023 federal budget includes tax measures to help the government generate revenue. The latest amendments to tax rules require financial institutions to pay tax on the dividends of Canadian shares they hold. As our tax partner and Toronto Chair of Business Law, Adrienne Oliver, explains, these changes add another layer of taxation. “Ideally, the system works so that there is only one level of tax throughout that whole stream of distributions of after-tax income.” Read the article for all the details.