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ARTICLE · 28 FEBRUARY 2018

Federal Budget 2018 — A Continued Focus On Fairness And The Middle Class

Borden Ladner Gervais LLP
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The Honourable William Morneau, Minister of Finance, tabled the government's 2018 federal budget on February 27, 2018.

CanadaTax
Kevin Bianchini
Kevin Bianchini
Robert Biggar
Robert Biggar
Pamela Cross
Pamela Cross
Beverly Gilbert, C.A.
Beverly Gilbert, C.A.
Shannon James
Shannon James
Joelle Kabouchi
Joelle Kabouchi
Daniel Lang
Daniel Lang
Kim Maguire
Kim Maguire
Natasha Miklaucic
Natasha Miklaucic
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The Honourable William Morneau, Minister of Finance, tabled the government's 2018 federal budget ("Budget 2018") on February 27, 2018 ("Budget Day"). Budget 2018 predicts slowly decreasing deficits and announces spending increases focused on increasing benefits to families, opportunities and equality for women, and funding for science and Indigenous services. Budget 2018 includes little detail addressing the aggressive stances taken on trade negotiations and tax reform by the United States — Canada's largest trading partner and competitor for business and investment.

The tax measures included in Budget 2018 focus on three themes: shifting the tax burden to wealthier Canadians, reducing tax avoidance opportunities, and promoting compliance. These tax measures include a new iteration of the July 2017 proposals regarding the taxation of passive investment income in private corporations as well as related changes to the refundable dividend tax on hand ("RDTOH") regime.

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