This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

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.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.