The Honourable Bill Morneau, Minister of Finance, tabled the Liberal government's first budget on March 22, 2016 (Budget 2016).

Budget 2016 includes several significant income and other tax changes, affecting the taxation of small businesses, eligible capital expenditures, foreign-currency denominated debt, and derivatives, among others. Important international tax measures are also proposed, including country-by-country reporting, an update on Canada's position on BEPS, and the significant expansion of the back-to-back treaty shopping rules. Our Budget Briefing 2016 summarizes the tax proposals included in this year's budget.

Read the entire 2016 Budget Briefing

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