Jamie Golombek, managing director of tax and estate planning with Canadian Imperial Bank of Commerce's wealth strategies group, outlines the possible impact of the upcoming federal budget on capital gains, boutique tax credits and tax rates and thresholds.
There are multiple reasons for the missing money, including that the Liberals may defer some spending and a complex application process
Ottawa likely has time to assess the situation because it’s still too early to know fate of many U.S. proposals
The budget follows a series of stronger-than-expected economic indicators in recent weeks
Although the Liberals have not discussed increasing the capital gains inclusion rate, such a measure shouldn’t be ruled out
Raising the threshold for the top personal income tax rate to $402,800 from $202,800 would make Canada more attractive for high-income earners, C.D. Howe suggests
Jamie Golombek, managing director of tax and estate planning with Canadian Imperial Bank of Commerce's wealth strategies group, discusses proposed Liberal tax changes that may be included in the 2017 Federal Budget.