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Federal Budget 2017

Wednesday, March 22, 2017

On March 22, 2017, the Honourable William Francis Morneau, Canada’s Minister of Finance, tabled Canada’s annual federal budget (“Budget 2017”). Importantly, Budget 2017 does not increase the capital gains inclusion rate nor does it introduce any rules targeted at the use of private corporations to reduce or defer tax. Instead, Budget 2017 proposes to build on the current Government’s previous actions, and to introduce targeted investments aimed at fostering economic growth and benefitting the middle class.

For a comprehensive discussion of Budget 2017, please click here.