The Liberal government chose to fine-tune their original tax changes for small businesses as a result of the uproar and corporate tax cuts in the U.S. The 2018 Federal Budget continues to keep Canadian corporate taxes the same, but to help businesses in other ways, such as spending to help women-led businesses grow, innovation and diversification of trade. The budget focuses on changes to prevent wealthy Canadians from gaining an unfair advantage, and changes to the small business deduction limit. In addition, the government will spend $90.6 million to deal with tax cheats both domestically and internationally. When the new rules take effect, it is expected to bring in an additional $925 million a year by the fiscal year 2022-23.

Read more: Canada Budget Has Changes To Small-Business Tax Rules, More Money To Crack Down On Tax Cheats