Federal Budget 2018: Highlights
The Federal Budget 2018 was tabled on February 27, 2018, introducing measures to promote growth and innovation in the Canadian economy, and provide equality of opportunity.
The passive investment income tax measures remain in place, however Finance has reduced the complexity of these proposals. While there may be a tax burden on middle market companies,
- Passive investment income measures are now more targeted and simplified
- High-rate tax on investment income, as outlined in the July 2017 proposals, will not be moving forward
Watch Maria Severino's video below for more information on these items:
We encourage middle market businesses to speak to their advisors about what these measures mean for their business.