EY breaks down the federal budget impact on private businesses
Join the EY Canada webcast on 5 March 2018
OTTAWA, March 1, 2018 /CNW/ - On Monday, 5 March, leaders from the EY Canada Private Client Services practice will outline the impact and opportunity of the 2018 federal budget for private companies.
For private companies across Canada, the budget on 27 February 2018 indicated a much more muted approach to tax reform measures announced in 2017. The greatest impact they face is change to passive income investment.
These changes, however, are more conservative than those initially proposed in July 2017. Companies earning more than $50,000 will see less of their business income eligible for the small business tax rate, and those with earnings exceeding $150,000 will no longer be eligible.
The budget also suggests new opportunities may come available to private companies. These stem from announcements of new investment in women entrepreneurship and innovation by the government.
Join our discussion of how budget measures may impact private companies by registering today, here.
For more Budget 2018 insight from EY Canada, visit ey.com/ca/budget.
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
For more information, please visit ey.com/ca. Follow us on Twitter @EYCanada.
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SOURCE EY (Ernst & Young)
Sarah Shields, [email protected], 604 891 8235; Victoria McQueen, [email protected], 416 943 3141; Camille Lariviere, [email protected], 514 879 8021
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