KPMG in Canada’s tax professionals are available pre-budget and on budget day for analysis
Government needs to focus on Canada's competitiveness and tax measures in the upcoming federal budget, says KPMG in Canada.
"There are several talks and policy initiatives currently happening outside of Canada that will potentially impact our competitiveness as a country," says Greg Wiebe, Managing Partner, Tax, KPMG in Canada. "In particular, how the government responds to recent tax changes in the U.S. will be key for the ongoing health of the economy."
What should be in store for Canadians?
Response to U.S. Tax Reform – As the country faces uncertainty around trade and competitiveness, we could see policies geared towards encouraging business growth through competitive tax measures.
Private Company Taxation Changes - This year's budget could introduce legislation around tax on split income and more certainty around passive income rules. Businesses thrive in an environment where there's certainty, and taxation has to be one of those areas.
Investment in Scientific Research – We expect to see the government include significant funding for basic scientific research to support R&D activities in Canada. Providing Canada's labour force with the right skills to foster growth in this space will also be a focus.
Learn more from our tax professionals about what could be in store for Canadians on KPMG in Canada's federal budget homepage.
KPMG in Canada's tax professionals are available to provide insight leading up to the federal budget. With locations across Canada, our regional leaders are available to comment on the budget's local impact for Canadians and their businesses.
Budget Day Commentary
KPMG in Canada's tax professionals are available to provide insight and commentary on the impact of the 2018 budget on individuals and businesses in Canada. Highlights will be available late in the afternoon on budget day at kpmg.ca.
About KPMG in Canada
KPMG LLP, an Audit, Tax and Advisory firm (kpmg.ca) and a Canadian limited liability partnership established under the laws of Ontario, is the Canadian member firm of KPMG International Cooperative ("KPMG International"). KPMG member firms around the world have 200,000 professionals, in 154 countries and territories.
The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss entity. Each KPMG firm is a legally distinct and separate entity, and describes itself as such.
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