CALU’s pre-budget submission to Finance Canada in advance of Budget 2025. It recommends that the federal government:

  • Abandon its intention to implement an increase in the capital gains inclusion rate
  • Commission an expert panel to review and report on the tax rules governing small businesses
  • Update RRSP and RRIF rules to enhance the retirement income system for younger and older Canadians
  • Provide a 35 percent refundable tax credit relating to the cost of dental care programs for employees of small businesses
  • Develop pharmacare using the same general approach as the federal dental plan: supporting those without prescription drug coverage while leaving workplace benefit plans intact

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