2016 Federal Budget Highlights

Federal Government

On March 22, 2016, Minister of Finance Bill Morneau presented the 2016 Canada Federal Budget titled “Growing the Middle Class” (Budget 2016).  The first budget from the recently elected Liberal government prioritizes help for Canada’s middle class.  Budget 2016 features numerous measures to improve infrastructure, eliminate and amend a number of tax benefits including the Children’s Fitness tax credit and Canada Child Tax Benefit, provides increases to bring about changes in the socio-economic conditions of Canada’s Indigenous peoples, introduces changes to Employment Insurance, and proposes amendments to improve Canada’s tax system and financial sector.

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Federal Budget 2016