On March 22, 2017, Finance Minister Bill Morneau tabled the second federal budget (“Budget 2017”) of the Justin Trudeau-lead Liberals. Budget 2017 focuses again on the empowerment of the middle class by providing additional skills training and life-long learning initiatives, supporting a new National Housing Strategy, and creating additional affordable child care spaces. It further aims to close tax loopholes, eliminate perceived abuses of the income tax system, and allocate resources to combat income tax evasion and avoidance.

How with the changes impact you or your business? Download Crowe Soberman’s full Budget Commentary here.

Please contact us for additional information on any of these measures.