April 2017

Expanded Horizons: The 2017 Federal Budget- What does it mean for you?

This is the year we celebrate Canada’s 150th birthday. There is, however, another lesser-known anniversary scheduled to occur this year: the 100th anniversary of the Income Tax Act.

While there is not likely going to be a great deal of fanfare for the event, the growth of the tax system and the importance it plays on our lives cannot be understated. On March 22nd, 2017 Bill Morneau, the Minister of Finance, tabled the second budget of the Trudeau government, entitled Building a Strong Middle Class (hereafter referred to as the “Budget”).