The Minister of Finance was scheduled to deliver the 2020 Federal Budget on March 30, 2020. However, due to concerns surrounding the COVID-19 virus, the House of Commons has been adjourned to at least April 20, 2020. As a result, the Budget will be delayed. As of the time of writing, a new Budget date had not been announced.
This letter summarizes recent tax developments and tax planning opportunities from a third-party affiliate; however, we recommend that you consult with an expert before embarking on any of the suggestions contained in this blog post, which are appropriate to your own specific requirements. Please feel free to get in touch with Lee & Sharpe to discuss anything detailed above, we would be pleased to help.