Federal Budget 2016 - What You Need to Know

Brent Todd - Jun 09, 2016
On March 22, 2016, the first budget of Finance Minister Bill Morneau was tabled, with a focus on supporting the middle class. Based on a weaker economic outlook largely due to continued low oil prices, the budget announced an increase in spending, wi

On March 22, 2016, the first budget of Finance Minister Bill Morneau was tabled, with a focus
on supporting the middle class. Based on a weaker economic outlook largely due to continued
low oil prices, the budget announced an increase in spending, with significant amounts
dedicated to the areas of public transit, green and social infrastructure.

 

Here are some of the more notable changes proposed by the budget that are expected to
affect taxpayers.