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ARTICLE · 01 MAY 2023

Federal Budget 2023: What Employers Need To Know

McCarthy Tétrault
McCarthy Tétrault
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On March 28, 2023, the federal government tabled its 2023 federal budget, titled A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future ("Budget 2023").

CanadaEmployment and HR
McCarthy Tétrault Employer Advisor
McCarthy Tétrault Employer Advisor
Tim Lawson
Tim Lawson
Deron Waldock
Deron Waldock
Julia Miller
Julia Miller
Andrew Weizman
Andrew Weizman
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Federal Budget 2023: What Employers Need to Know

On March 28, 2023, the federal government tabled its 2023 federal budget, titled A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future ("Budget 2023").

The budget contains some significant changes that employers will want to keep in mind. In particular, there are provisions that will amend the Canada Labour Code ("CLC"), change pensions and benefit programs, and create new reporting requirements for employers. The CLC applies to federally regulated employers only, so those changes will not affect provincially regulated employers.

Our Labour & Employment and Pensions, Benefits, & Executive Compensation practice groups have teamed up to highlight the key provisions for employers to note.

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