The Canadian 2014 Budget introduces “no new taxes” on families or businesses, but does crack down on aggressive tax avoidance and overhauls a number of tax credits. The Finance Minister’s Economic Action Plan 2014 contains a series of reforms designed to address international tax avoidance by multinationals. The Budget document itself states that the Budget measures help to keep Canadian tax rates low and competitive, thereby improving incentives to work, save and invest.
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