Federal Budget 2016: Testing promises

The new Liberal government has delivered its first budget, and the document was notable in part for what it didn’t include.

While OAS eligibility went back to 65 as expected, the Liberals left the stock options and capital gains regimes untouched.

And there were unpleasant surprises for small business owners, including the cancellation of the rate reductions enacted last year.

We have the implications of all these changes for your clients. Check out all our 2016 Federal Budget coverage here:

Budget narrows access to small biz deduction

There are now more restrictions on sharing the deduction.

Clients now have to pay tax when they switch between corporate-class mutual funds.

Budget 2016 wasn’t kind to business owners using complex tax strategies involving life insurance.

In an unexpected move, future tax cuts for small businesses have been cancelled.

It took two years, but the government has finally addressed ECP.

Here’s text for a client letter covering some key points from this year’s federal budget.

The amendments don’t change much for top earners, but we offer some tax-saving strategies.

Here’s a roundup of key changes the Liberal government introduced in this year’s budget.

After outcry over possible changes to the taxation of stock options, the Liberal government has left the existing regime in place — at least for now.

Advisors can breathe a sigh of relief.

If your clients trade in linked notes, they’ve lost another tax advantage.

Budget 2016 included some changes to CPP, the OAS allowance, and Employment Insurance. Here’s what you need to know.

Stay tuned this week as Advisor.ca analyzes the most significant tax changes resulting from this year’s budget.

The staff of Advisor.ca have been covering news for financial advisors since 1998.