Federal Budget 2016 – Did it Live Up to the Hype?

Budget 2016 was arguably one of the most anticipated budgets in recent history. Between the wide ranging promises made by the Liberals during the election to swirling rumours (are capital gains rates going up?!), many in the tax world thought the sky might be falling. In the end, Budget 2016 wasn’t earth shattering. Most of the announcements could be categorized as tweaks to fix perceived problems rather than fundamental changes in taxation. Many of the measures are consistent with the Federal Government’s focus on climate change and higher taxation for “wealthy” Canadians. 

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