The 2017 Federal Budget (the “Budget”) was released March 22nd, 2017 (“Budget Day”). Highlights include:
Upcoming Review of Private Corporate Tax Planning
The Budget announced that the federal government will be looking into:
- Income sprinkling using private corporations: The Budget states that this strategy can reduce income taxes by causing income that ...
The 2016 Federal Budget was released March 22nd. The overarching theme is to provide increased benefits and relief to middle-class individuals and to close or restrict cross-border tax planning. Highlights include:
Income Tax
Increased Individual Marginal Tax Rates
As part of Bill C-2 tabled on December 9, 2015, the federal government announced an increase to the top ...
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