Watch Joseph Devaney CPA,CA and Hugh Neilson CPA, CA, TEP recap Federal Budget 2018.
Watch Joe discuss a few changes to personal tax including Canada Workers Benefit and Employment Insurance.
One correction, you normally get 35 weeks for mat leave EI, the proposal is that the total goes up to 40 weeks if the second spouse uses at least 5 weeks of it. Also note that recently they allowed for extended leave if a reduction to payout was received. In extended leave scenarios, they can get an additional 8 weeks.
Watch! Passive investment income in a corporation-major changes. Affects the small business deduction.