Canada Federal Budget 2018 Tabled

Canada's Federal Budget 2018 was tabled by Finance Minister Bill Morneau on 27 February 2018. The business-related tax measures proposed in the Budget are summarized as follows:

• Passive investment income changes, including:
  • A reduction in the small business income limit (CAD 500,000 active income) eligible for the small business tax rate on a straight-line basis where passive investment income is between CAD 50,000 and CAD 150,000, i.e., no income would be eligible for the small business rat…