The Federal government’s budget on February 27, 2018 introduced changes that may affect your individual and family finances. Empire Life, one of Health Risk’s trusted Insurers, has provided a very informative infographic that we would like to share with you as it highlights what’s new and what’s gone in the 2018 Budget.
Finance Minister, Bill Morneau, delivered the majority Liberal government’s third Federal Budget on February 27, 2018. Budget 2018 announces no tax rate changes either personally or corporately and confirms the corporate tax rate reductions previously announced. The big news is that the passive investment proposals were better than expected. The original proposals have been significantly diluted – the Government listened to the 21,000 submissions by simplifying and narrowing their approach.