On 24 June 2015, Canada's Economic Action Plan 2015 Act, No. 1 received royal assent. The Act contains most of the tax provisions included in the 2015 Economic Action Plan, which was introduced with the 2015 Budget in April.

The main business related tax measures include:

• Reducing the small business federal tax rate from 11% to 9% by 2019, with an initial cut to 10.5% from 1 January 2016;
• Pro…