Posted Tuesday November 20, 2018

Small Medium Business

Ontario Won’t Adopt All Federal Passive Income Changes

Ontario’s Minister of Finance Vic Fedeli announced that Ontario will not adopt federal measures to phase-out the small business limit for passive investment income. The province’s Fall Economic Update, released on November 15, 2018, also notes that Ontario will not proceed with measures to implement new personal income tax brackets and will not make changes to the Ontario Research and Development Tax Credit and the Ontario Innovation Tax Credit, as proposed by a previous government in Ontario’s 2018 provincial budget. Ontario has also announced new measures to introduce a non‐refundable tax credit for low‐income individuals and families.

Source KPMG

 is distributed twice weekly; Tuesday and Thursday

Not a Subscriber? Receive more articles on business issues
Sent directly to your email in-box.

contact us

Publisher is Exchange Business Communication Inc.
No part of this article may be reproduced without written permission from the publisher.
Email Publisher

ISSN 0824-45
Copyright, 2018

Share Your Story: pressrelease @
Expand Your Reach:
advertise @
Publisher: Exchange Business Communication Inc., PO Box 248, Waterloo, Ontario, Canada
Email Editor

Content published on this site represents the opinion of the individual, organization and/or source provider. is a online daily journal of Exchange Business Communication Inc. (1997) Publishers of Exchange Magazine est. 1983. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2018. Submitted editorials, comments and releases are copyright of respective source(s).