Changes to the Federal Budget

Finance Minister, Bill Morneau, delivered the majority Liberal government’s third Federal Budget on February 27, 2018.  Budget 2018 announces no tax rate changes either personally or corporately and confirms the corporate tax rate reductions previously announced. The big news is that the passive investment proposals were better than expected. The original proposals have been significantly diluted – the Government listened to the 21,000 submissions by simplifying and narrowing their approach.