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ARTICLE · 02 APRIL 2012

The 2012 Federal Budget

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On March 29, 2012, The Honourable Jim Flaherty, Minister of Finance released the 2012 Federal Budget.

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Posted by Kim G C Moody CA, TEP, Dale Franko CA, CPA (IL, USA), Jeff Hlynski CA, CPA (IL, USA), CFP, TEP and Riaz S. Mohamed CA in Special announcements on Friday, 30 March 2012

On March 29, 2012, The Honourable Jim Flaherty, Minister of Finance released the 2012 Federal Budget. This blog discusses some of the more important tax proposals that will affect our clients and friends. Our blog of February 21, 2012 had some predictions as to what the Federal Budget would contain and certainly some of our predictions have come true as highlighted below.

1. Tax Rate Changes

There are no tax rate increases or decreases proposed in Budget 2012.

2. Improvements to the Eligible Dividend System

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