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On February 27, 2018, the Federal Government released the 2018 budget.
This budget has been long awaited in light of the controversy caused by the July 2017 private company tax proposals released by Finance Minster Bill Morneau.
The significant uncertainty hanging over Canadian business owners was the government’s proposals on passive income investments held by corporations. This budget has clarified the government’s position, which represents a retreat from the severity of the original proposals.
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