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March 24, 2017
2017-0535

Canada's federal budget for 2017-18 contains targeted measures of interest to financial services organizations

Canada’s federal Finance Minister Bill Morneau tabled his second budget on March 22. Contrary to rumors, the budget contained no increase in the capital gains inclusion rate and contained targeted tax measures of interest to financial services organizations (FSOs), namely, banks, insurers and asset managers.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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Full text of Tax Alert 2017-0535

 

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