With a sizable $30 billion deficit forecasted, and additional Federal spending forecasted to increase the Canadian deficit to $100 billion over the next 5 years, Finance Minister Morneau introduced several Business and Personal Tax Measures to attempt to balance all this spending. The government plans to close a number of domestic and international loopholes that permit organizations and individuals to avoid or defer tax, and provide the Canada Revenue Agency with $800 million over five years
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