April 2016

It would be fair to say that small business wasn't a big consideration for the new Federal Liberal government when it prepared the budget.  That could be good or bad news depending on what you were expecting or hoping for.

Besides the size of the deficit projected, the government did not make good on its promise to reduce small business tax from 10.5% to 9%.  While disappointing for those who where expecting the reduction, it's important to note that Canada's corporate tax is one of the lowest in the G7.