Chapter 6 · 6.1 Simplifying the tax system
Making it easier to do business
$236M net impact on the budgetary balance over five years, 2026-27 to 2030-31.
The cost line
| Line | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31 | Total |
|---|---|---|---|---|---|---|
| Making it easier to do business | 4 | 55 | 60 | 56 | 61 | 236 |
… no change to existing funding or no fiscal implication · – a further extension will be considered later · 0* less than $0.5 million. Positive numbers cost the budget (spending or forgone revenue); negative numbers improve it.
What the budget says
“Budget 2026 proposes to reduce the administrative and compliance burden of the taxable preferred share regime by:”
Budget 2026, p. 294 (PDF p. 312)
“Corporate loss transfers: Budget 2026 announces the government's intention to introduce a corporate loss transfer rule.”
Budget 2026, p. 295 (PDF p. 313)
“Taxable Canadian property: Budget 2026 proposes to simplify the withholding and remittances rules that apply when non-residents dispose of taxable Canadian property by exempting certain tax-deferred transactions from those rules and reducing the withholding and remittance rates applicable to corporations.”
Budget 2026, p. 295 (PDF p. 313)
“Corporate tax elections: To reduce the administrative burden of making certain income tax elections and agreements, Budget 2026 proposes to eliminate the requirement for a corporation to file a certified copy of a resolution of its directors authorising the election or agreement.”
Budget 2026, p. 295 (PDF p. 313)
Also in this section
- Making it easier for Canadians to manage their taxes$821MTax measureHouseholds
- Connecting more Canadians to federal benefits$334MProgram spendingHouseholds
- Making it easier to manage retirement savingsno cost lineNo cost line