OrbitaxFinal Budget 2007 implementation Bill receives Royal Assent
|Approved Changes|Canada
On 14 December 2007, the Minister of Finance announced that Bill C-28, the final Budget 2007 implementation Bill, received Royal Assent. This Bill enacts into law measures included in Budget 2007 and the 2007 Economic Statement.
Business income tax measures include:
| - | a reduction in the general federal corporate income tax rate to 15% by 2012 as follows: 19.5% effective 1 January 2008, 19% effective 1 Janua… |