Canada's 2018 Budget: Key Figures & Tax Changes.pdf

- S&P/TSX Composite Index: Increased from 15,348.46 on 22 Mar 2017 to 15,671.15 on 27 Feb 2018.
- Canadian Dollar vs. U.S. Dollar: Exchange rate increased from 74.85¢ on 22 Mar 2017 to 78.49¢ on 27 Feb 2018.
- Projected Federal Deficit (in billions): Decreasing over the next five years: $19.4 (2017-18), $18.1 (2018-19), $17.5 (2019-20), $16.9 (2020-21), $13.8 (2021-22), $12.3 (2022-23).
- Canada Unemployment Rate: Decreased from 6.6% in Feb 2017 to 5.9% in Jan 2018.
- Oil Price per barrel (in $USD): Increased from $48.27 on 22 Mar 2017 to $63.01 on 27 Feb 2018.
- Tax Rates:
- No changes to personal income tax rates or brackets.
- Capital gains inclusion rate remains at 50%.
- Small business tax rates reduced to 10.0% in 2018 and 9.0% in 2019.
- Budget Highlights:
- $1.65 billion over three years for women entrepreneurs.
- Reduced access to lower small business tax rate for corporations earning more than $50K in annual passive income.
- CPP Enhancement and Quebec Pension Plan changes.
- New reporting requirements for certain trusts.
- Mineral exploration credit extended to 31 Mar 2019.
- Medical expense tax credit expanded to include service animals.
- Registered Disability Savings Plans (RDSP) changes.
- Lifelong Learning pilot project.
- Ontario parents can open RESPs at online birth registration.
- Refunds from dividends and tax on split income changes.
- Canada Child Benefit indexed to inflation.
- EI parental sharing benefit extended.
- EI caregivers benefit extended.
- Canada Workers Benefit introduced.