The Income Sprinkling rule and the Accountants, Lawyers and Doctors using Incorporation to lower their taxes is and always was against CRA policies.  Basically, income splitting was always illegal and so was using a corporation if you had only 1 source of income or revenue - ie an employer who has you use their computers and where you work.    No one will fight to hard on that loophole that came up 3 or 4 years ago.

The passive income in a holding company has not been thought out and is a massive mistake.  Entrepreneurs would lose most if not all incentives to build companies.  Small business owners and tech entrepreneurs would need to incorporate in Delaware or move their companies to the US or offshore.

If they actually take action on the passive income corporate plan, there will be mass pandemonium.

Trudeau saying this its just wealthy people complaining is insulting and class warfare baiting.   I am starting to detest this PM.