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Budget for 2014 – business income taxation

|Approved Changes|Canada
Canada

The Budget for 2014 was tabled by the Minister of Finance on 11 February 2014. Details of the Budget relating to business income taxation, which unless otherwise indicated will apply from 1 January 2014, are summarized below.

- Remittance thresholds for employer source deductions. In order to reduce the compliance burden, Budget 2014 proposes to reduce the frequency of remittance of source deductions for certain employers by increasing the threshold…

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