This year’s federal budget, which will be released Tuesday afternoon, may be what one analyst calls a “placeholder budget.”
It will be this time next year the Liberals will unveil their blockbuster budget as the country gets ready to go to the polls.
However, we will finally find out the details on the small business tax reform to clear up the debacle of last fall and the ill-advised moves the feds wanted to make.
One of the big questions is what Finance Minister Bill Morneau might come up with, as at least small stop-gap measures, to keep Canada competitive with the recent sweeping changes in U.S. tax laws.
It’s expected the most impactful will be the government’s final decision on the passive income above $50,000 question for small businesses announced last October.
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