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Budget: Ottawa backs away from tax increase on stock options

  • Canada Image

Mar 22, 2016

On March 22, 2016, Finance Minister Bill Morneau confirmed that the government was abandoning this promise after consulting with business leaders. “Start-ups told us they feared a change would hinder their ability to retain top talent. These concerns are legitimate, so we decided not to adopt this measure,” said the Minister.

Deloitte Tax partner Albert De Luca believes the Liberals’ change of heart confirms the promise would have been damaging. “This is the right thing to do because this benefit helps attract talent. Companies would have had to offset the loss of this benefit with increased salaries and it would have made it harder for them to compete against other tax systems.

Read the article on the Les Affaires website.

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