Budgets

Federal Budget Highlights 2018

Federal Budget Highlights 2018

Yesterday, Finance Minister Bill Morneau released his highly anticipated 2018 Federal Budget, geared towards equality, and being a more competitive, diverse, and inclusive country. GGFL’s main focus is on how each budget will impact our clients and their businesses. To that end, we have chosen the top five budget highlights that we feel will have the greatest impact on you in 2018.

Changes Coming in 2017 That May Significantly Affect the Tax on the Sale of Your Business

Changes Coming in 2017 That May Significantly Affect the Tax on the Sale of Your Business

In its March 2016 Federal Budget, the Liberal government made some key changes to tax legislation that will affect the after-tax proceeds that business owners can retain from the sale of their business assets (as opposed to the sale of shares of their business corporation). These changes come into effect on January 1, 2017. Here, we explore the changes and what they may mean for you.

Impact of 2016 Federal Budget on Ontario Families

Impact of 2016 Federal Budget on Ontario Families

On March 22, 2016, the newly elected Federal Liberal Government tabled its first budget, bringing proposed changes to tax credits and benefits for Canadian families with children. The effects of these changes on families will depend on the number and ages of the children in the family, as well as the income of the parents.