Canadian Budget Implementation Act, 2017, No. 1 Receives Royal Assent

The Canadian Government has announced that the Budget Implementation Act, 2017, No. 1 received Royal Assent on 22 June 2017. The Act implements certain tax measures proposed in the Federal Budget 2017 ({News-2017-03-23/P/2- previous coverage}), including several measures related to personal income tax. The business related measures are mainly limited to the elimination of certain incentives, including

• The 50% additional deduction for donations of medicine;
• The investment tax credit for chil…