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Summary of Federal Budget 2016 - Professionals and Small Business

04/04/2016


In the proposed 2016 federal budget, the government is looking to curtail multiple small business deductions. For those professionals operating in a partnership as opposed to working as sole practitioners however, these deductions are often vital to helping a business acquire the resources necessary to provide greater scope of service to their clients. In this insightful video, MNP’s Gavin Miranda discusses some of the proposed tax changes and how they could impact professional businesses in Canada.​