2018 Federal Budget

March 2018

February 28, 2018

On February 27, 2018, Finance Minister Bill Morneau delivered the Liberal government’s 2018 Federal Budget. The budget estimates deficits of $19.4 billion for 2017-2018, $18.1 billion for 2018-2019 and $17.5 billion for 2019-2020. This commentary provides a summary of the tax measures proposed in the budget.

This Budget contained good news for corporations and individuals with no increases to income tax rates, a softening of the proposals related to private corporations, and some minor enhancements to the Medical Expense Tax Credit and the Canada Workers Benefit (formerly known as the Working Income Tax Benefit).

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