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ARTICLE · 31 MARCH 2016

2016 Federal Budget: Tax Highlights

Davies Ward Phillips & Vineberg LLP
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The new Liberal government's first budget (Budget 2016) has been the subject of anticipation and speculation, much of it apprehensive.

CanadaTax
R. Ian Crosbie
R. Ian Crosbie
Elie Roth
Elie Roth
Raj Juneja
Raj Juneja
Paul Lamarre
Paul Lamarre
Christopher Anderson
Christopher Anderson
Kimberly Brown
Kimberly Brown
Nathan Boidman
Nathan Boidman
Brian Bloom
Brian Bloom
Michael Kandev
Michael Kandev
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The new Liberal government's first budget (Budget 2016) has been the subject of anticipation and speculation, much of it apprehensive. Unusually, Budget 2016 is noteworthy for what it does not contain. Budget 2016 does not introduce changes to increase the tax rate on employee stock option benefits, which formed part of the Liberal government's election platform as discussed in our earlier notes on this topic ( Finance Minister Provides Guidance on Stock Option Grandfathering, Nov. 20, 2015, and Will Tax Treatment for Canadian Stock Options Change? Oct. 29, 2015). Budget 2016 also does not contain any proposal to increase taxes on capital gains realized on the disposition of property, which had been the subject of some speculation.

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