The BLG Tax Group released a bulletin on the 2018 Federal Budget.
The Trudeau Liberal Government tabled its third federal budget on February 27, 2018. Budget 2018 predicts slowly decreasing deficits and announces spending increases focused on increasing benefits to families, opportunities and equality for women, and funding for science and Indigenous services. Budget 2018 contains little detail addressing the aggressive stances taken on trade negotiations and tax reform by the United States—Canada's largest trading partner and competitor for business and investment.
The tax measures included in Budget 2018 continue the themes of seeking to shift the tax burden to wealthier Canadians, limit tax avoidance opportunities, and promote compliance.