The 2018 Federal Budget was released on February 27, 2018. The main highlight of the budget for small businesses wast the revised “Passive income” proposals. There is still a negative impact on small business but the rules are simpler than the original proposals.
Why did the government just introduce these rules in the first place? The government would have saved the small business community a lot of time and energy if this was the original proposal.
Please see attached my analysis presented to members of the OnePlan Business Centre in Burlington, Ontario.