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On March 12, 2018, Finance Minister Cameron Friesen tabled Manitoba’s 2018-19 budget (Budget 2018). This budget reduces taxes for small business corporations and individuals by increasing the corporate small business limit and basic personal amount.
The new federal budget includes several measures that target the cornerstone of the Canadian economy: small- and medium-sized enterprises (SMEs). How will the new budget affect you and your business?
February 20, 2018, Finance Minister Carole James tabled British Columbia’s 2018–19 budget. It outlines an overall plan to increase affordability for residents of BC, with a primary focus on the need for affordable housing solutions and the demand for more affordable, available childcare.
With the federal government's 2018 budget expected to be released early next week—on Tuesday February 27, 2018—Doane Grant Thornton LLP summarizes what Canadian may expect to see in it.
On January 30, 2018, New Brunswick Finance Minister, The Hon. Cathy Rogers, tabled the province’s 2018–19 budget. The province will continue to focus on the following three areas: health care, education and jobs.
The federal government released revised draft legislative proposals to limit the ability of owners of private corporations to lower their personal income taxes by sprinkling their income to family members who are subject to lower personal tax rates and do not directly contribute to the business.
On July 18, the Department of Finance released draft legislation proposing changes to the way private corporations are taxed.
On October 24, Finance Minister Bill Morneau tabled the 2017 Fall Economic Statement. In the statement, the government reiterated its continuing focus to invest in the economy so that it works for the middle class and those working to join it.
