Home Budget 2016
Feds launch consultation on tax proposals

Comments due by Sept. 27

  • By: IE Staff
  • July 29, 2016 July 29, 2016
  • 15:10

This year’s federal budget proposes to change the tax laws governing linked notes to treat a gain realized on the sale as interest earned on the debt obligation

Budget 2016: Personal tax changes

Jamie Golombek, managing director, tax & estate planning, CIBC Wealth Strategies, discusses the main changes to personal taxes. He spoke from the budget lock-up in Ottawa.

This year’s budget proposes several changes to student loan and student grant programs

Ottawa aims to spend on infrastructure and expanding the innovation economy

Budget 2016 proposes changes to ensure the capital dividend account rules for private corporations, and the adjusted cost base rules for partnership interests, apply as intended

However, the small business tax rate will remain at 10.5% in 2017, but not drop to 10% as the previous Conservatives had promised

Feds to end tax-planning opportunity associated with linked notes

The decision to eliminate the proposed change introduced under the Conservatives may reduce wealthy individuals’ gifts to charities

Budget 2016 proposes to restore the credit to 15% for share purchases of provincially registered LSVCCs for 2016 and subsequent taxation years