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ARTICLE · 22 APRIL 2015

MT Federal Budget Review – Introduction

Miller Thomson
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We are pleased to provide our summary of tax measures contained in the Budget.

CanadaTax
Miller Thomson LLP
Miller Thomson LLP
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Minister of Finance Joe Oliver today tabled the 2015 Federal Budget (the "Budget"), his first budget as Minister of Finance, entitled "Strong Leadership: A Balanced-Budget, Low-Tax Plan for Jobs, Growth and Security".

We are pleased to provide our summary of tax measures contained in the Budget.

The Budget proposed no changes to the general corporate income tax rates or to the Goods and Services Tax.  Federal small business corporate tax rates will be reduced from 11% to 9% over the 2016 to 2019 taxation years, with corresponding changes to the dividend tax credit applicable to non-eligible dividends.  The accelerated CCA write-off for manufacturing and processing equipment will be extended.

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