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| March 2016 |
| Elimination of small business tax deferral |
| Tom Hunt, CPA, CA, is a tax principal in the Ottawa office of Collins Barrow. |
| On March 22, 2016, the Minister of Finance, Honourable Bill Morneau, tabled Budget 2016. Budget 2016 contains numerous business income tax measures. However, for taxpayers who are members of partnerships or shareholders in certain corporate structures, the proposals to small business taxation are of particular interest. |
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| Collins Barrow periodically publishes Tax Flash for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada. While Tax Flash suggests general planning ideas, we recommend professional advice always be sought before taking specific planning steps. |
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