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ARTICLE · 02 MARCH 2018

2018 Federal Budget: Selected Tax Measures

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

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On February 27, 2018, the Minister of Finance introduced Canada's 2018 Federal Budget (2018 Budget).

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Blakes Tax Group
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On February 27, 2018, the Minister of Finance introduced Canada's 2018 Federal Budget (2018 Budget). The 2018 Budget includes measures affecting the taxation of passive income earned by private corporations, as was expected, although the changes are not as wide-spread as had been previously suggested. In addition, the 2018 Budget includes a mix of targeted anti-avoidance rules, legislative responses to recent jurisprudence and other narrow changes to address perceived problems in the existing provisions of the Income Tax Act (Act). 

The 2018 Budget does not contain any proposals that are specific reactions to recent U.S. tax reforms, although the Department of Finance will be conducting a detailed analysis of the U.S. tax reforms to determine the potential impacts on Canada.

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