Thankfully, income tax rates remain unchanged and the speculation about an increase to the capital gains tax inclusion rate was not realized (at least yet). Although no changes are proposed, the government promises to review the tax advantages gained by those earning their income through professional corporations and will release a paper with proposed policy changes in the coming months. We will keep you posted as we learn more.
If you have any questions on how the Budget may affect you, please don’t hesitate to ask us.
