It does seem like in the last 10 years the tax code in Canada has become more strict and the CRA really doesn't like single-customer "corporations" anymore and ends up taxing them just like employment. So some of the holes at least have been plugged.
For 10 years I worked at Google and pulled in what I would consider a ridiculous salary. But over 50% of it was pulled away in taxes. I am a socialist by conviction so don't complain about these kinds of taxes much, but it really chafed me to see people in contracting situations bringing in more than me by squirreling away money, hiding it from the gov't in these kinds of corporate arrangements.
For 10 years I worked at Google and pulled in what I would consider a ridiculous salary. But over 50% of it was pulled away in taxes. I am a socialist by conviction so don't complain about these kinds of taxes much, but it really chafed me to see people in contracting situations bringing in more than me by squirreling away money, hiding it from the gov't in these kinds of corporate arrangements.