A whole host of federal tax changes come into effect in the new year. Small business tax changesOne of the big news stories of the past year and half has been the changes the federal government is making to small business taxes. The most controversial change affects the rules on how much passive income an incorporated small business can hold. Higher prices at the pumpPossibly the most politically charged tax change coming in 2019 is Ottawa's new carbon pricing system. Emissions over set limits from large, industrial emitters in provinces without carbon pricing systems will fall under the federal governments carbon pricing rules starting in January.

Source: CBC News December 31, 2018 09:00 UTC