On 4 May 2015, Canada's Finance Minister Joe Oliver tabled in the House of Commons a detailed Notice of Ways and Means Motion to implement certain tax provisions in the 2015 Economic Action Plan ({News-2015-04-22/P/2- previous coverage}), as well as other tax measures. The main business related tax measures tabled include:
- Reducing the small business federal tax rate from 11% to 9% by 2019;
- Providing a 10-year accelerated capital allowance rate of 50% on a declining-balance basis for investm…