Federal budget guessing game

MPs, business groups, labour unions make suggestions for 2018 fiscal year
By Sheila Brawn
|Canadian Payroll Reporter|Last Updated: 02/01/2018

Between now and the end of spring, the federal government and most provinces/territories will release their revenue and spending plans for the fiscal year.

Depending on what happens, payroll professionals may have to implement income tax rate changes, new taxable benefit rules, minimum wage adjustments or other payroll-related tax changes.

Of all the budgets, the federal document often has the most payroll-related changes since Ottawa is responsible for the federal Income Tax Act, the Canada Pension Plan (CPP), employment insurance (EI), and source deduction remittances and reporting.