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ARTICLE · 13 MARCH 2012

The Upcoming 2012 Canadian Federal Budget

Moodys Private Client Law
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As mentioned in an earlier post, the Federal Budget is usually the place where most tax proposals arise. Accordingly, tax practitioners are keenly interested in the detailed Budget proposals that get released.

CanadaGovernment, Public Sector
Kim Moody
Kim Moody
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As mentioned in an Department of Finance throughout the year. In addition, there are hundreds of cases released by the Courts every year in Canada that affect the practice of tax. Accordingly, while it has long been the tradition by many of our peers to race to release a Federal Budget summary, our approach at Moodys is purposefully different. We will, of course, release a Budget summary but we instead, strive for thoughtful analysis and the timely release of tax information throughout the year; not just once a year.

At the moment, the exact date of the 2012 Federal Budget is not known. However, most speculation points to sometime toward the end of March 2012. As most readers know, the content of the Budget is a closely held secret. However, there always appear to be strategically timed "leaks" where one can safely bet that there will be a proposal that deals with the leaks. In addition, Finance Minister Flaherty has been busy in the last little while completing his "

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