Decoding the Federal Budget: What Small Business Owners Can’t Afford to Miss (Ep. 14)

Decoding the Federal Budget: What Small Business Owners Can’t Afford to Miss (Ep. 14)

Navigating the stormy seas of tax changes following the 2024 federal budget announcement can be confusing. We’re here to tell you what you need to know From the Source.

In this episode, Frankie and Sarah discuss the recent federal budget with Sean Grant-Young, CPA, CA, MBA, National Director, Tax at Baker Tilly Canada. Sean tackles the major updates and what they mean for small business owners, providing you with the essential knowledge to keep your business afloat in these turbulent tax waters.

Frankie, Sarah, and Sean discuss: 

  • Behind the scenes of the federal budget lockup
  • Break down the capital gains inclusion rate change and its impact
  • The Canadian Entrepreneurs Incentive and what it means for business founders
  • The significance of the capital gains exemption increase for small business owners
  • Practical advice for navigating tax planning in the wake of these changes


Connect with Frankie Loreto and Sarah Netley: 

Connect with Sean Grant-Young

About Sean Grant-Young: 

As National Director of Tax, Sean supports tax experts and their clients across the Baker Tilly Canada network by leading nationwide tax advisory initiatives, informing members of regulatory changes, and driving the development of high‑quality and comprehensive tax practices within an ever‑shifting technology and regulatory landscape.

Sean is committed to the ongoing development of tax professionals at every level of their career, serving as a facilitator and tutor for various CPA Canada In‑Depth Tax courses and leadership development programs.

Prior to his role as National Director of Tax, Sean held multiple executive‑level positions at a publicly traded company. He was also a tax advisor and practice leader for a global professional services firm, where he focused on mergers and acquisitions, high-growth owner‑managed businesses, and ultra-high-net-worth individuals.

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