SOURCE: McMillan LLP

McMillan LLP

March 21, 2016 08:00 ET

McMillan Tax Lawyers Available to Comment on the Business Tax Elements of the Federal Budget

TORONTO, ON--(Marketwired - March 21, 2016) -  Finance Minister Bill Morneau will table the 2016 Federal Budget in the House of Commons tomorrow afternoon. Reports suggest that the new Government's first Budget will introduce a number of legislative measures to broaden the tax base to allow the Government to pursue new spending initiatives.

A national team of tax lawyers at McMillan is available to offer their insights on this year's Budget, including the tax impact of the Budget on both domestic and multinational enterprises.

Possible topics for discussion include:

  • New rules governing the taxation of employee stock options.
  • Changes to the taxation of Canadian-controlled private corporations.
  • Replacement of the current eligible capital property regime.
  • The reinstatement of tax credits for contributions to labour-sponsored investment funds.
  • New anti-avoidance measures to counteract certain types of domestic and cross-border tax planning.

The following McMillan tax lawyers will be available for media interviews following the release of the Budget:

Michael Friedman is the leader of McMillan's National Tax Practice. Michael advises clients on a diverse range of domestic and international taxation matters and has specialized expertise counselling clients on Canadian tax compliance and the structuring of commercial transactions.

Toronto t: 416.865.7914 michael.friedman@mcmillan.ca

Michael Templeton is a partner in McMillan's Tax Group and practices in the areas of business taxation, international transactions and tax litigation. Before joining the firm, Michael represented the Canada Revenue Agency in tax appeals and has appeared before the Supreme Court of Canada on tax matters.

Toronto t: 416.865.7837 michael.templeton@mcmillan.ca

Michel Ranger is a partner in McMillan's Tax Group and advises clients on all aspects of business operations. Michel has extensive experience interacting with both the Canada Revenue Agency and Revenu Québec on taxation matters.

Montréal t: 514.987.5064 michel.ranger@mcmillan.ca

McMillan plans to distribute a comprehensive tax review of the Federal Budget in the coming days, which will be available at www.mcmillan.ca.

About McMillan LLP

McMillan is a business law firm serving clients across key industries in Canada, the United States and internationally. We offer solutions-oriented legal advice through our offices in Vancouver, Calgary, Toronto, Ottawa, Montréal and Hong Kong. For more information, please visit our website at www.mcmillan.ca.

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