Budget 2017: What Did (And Didn't) Emerge

Another federal budget has come and gone. If you blinked you might've missed it! Compared to last year's changes to the small business deduction eligibility, among others, there weren't many significant changes from a tax perspective in Budget 2017. When it comes to corporate tax changes, is the Canadian government waiting to see what changes come out of the U.S.? Time will tell, but for now, here's what emerged (and didn't) from Budget 2017.

Much ado about nothing?

A few areas that drew some concern prior to the release of the budget was a potential increase to the capital gains inclusion rate, changes to small business deduction eligibility and changes to stock options. We expect there were many sighs of relief heard around the country when Budget 2017 revealed none of these changes. However, with an eye on tax fairness, the government is currently reviewing corporate tax-planning strategies that it considers to provide unfair advantages to high-income