Press release

1 Mar. 2018 Ottawa, CA

EY breaks down the federal budget impact on private businesses

On Monday, 5 March, leaders from the EY Canada Private Client Services practice will outline the impact and opportunity of the 2018 federal budget for private companies.

Press contact
Sarah Shields

EY Canada Assistant Director, Public Relations

Passionate communicator and writer. Firmly believes Vancouver summers are worth six months of rain.

Related topics Tax EY Private

Join the EY Canada webcast on 5 March 2018

On Monday, 5 March, leaders from the EY Canada Private Client Services practice will outline the impact and opportunity of the 2018 federal budget for private companies.

For private companies across Canada, the budget on 27 February 2018 indicated a much more muted approach to tax reform measures announced in 2017. The greatest impact they face is change to passive income investment.

These changes, however, are more conservative than those initially proposed in July 2017. Companies earning more than $50,000 will see less of their business income eligible for the small business tax rate, and those with earnings exceeding $150,000 will no longer be eligible.

The budget also suggests new opportunities may come available to private companies. These stem from announcements of new investment in women entrepreneurship and innovation by the government.

Join our discussion of how budget measures may impact private companies by registering today.

For more Budget 2018 insight from EY Canada, visit ey.com/ca/budget.

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About EY

EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.  Follow us on Twitter @EYCanada.