When the Federal Government was born: When the first Federal Budget was released

On the eve of the Federal Budget, the Prime Minister was asked if the Government would be willing to make a “small but significant” change in the Budget to reduce the deficit.He replied: “Yes”.He said the Government was prepared to “consider making a small but significant change” in the budget to reduce “the deficit”.“We will be looking at the implications […]

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How the new federal government is changing Canada’s tax system

The federal government’s tax reform plan, introduced this week, is expected to slash the top federal rate from 39.6 per cent to 30 per cent, reduce the standard deduction and replace it with a “living wage.”But the federal government hasn’t released the details of the proposed changes, including how they would affect the top tax rate, which was set at […]

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