The Honourable Bill Morneau, Minister of Finance, today tabled his third budget, “Equality + Growth: A Strong Middle Class,” which supports the Government’s people centered approach.
The highly anticipated budget released draft legislation related to passive income – the topic that has been on the minds of business owners, investors, and advisors since the July 18, 2017 Finance release which first introduced the subject. The budget does not propose changes to tax rates at the business or personal level. The budget focused on five key spending areas – growth, progress, reconciliation, advancement and equality. |
