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ARTICLE · 29 APRIL 2021

2021 Federal Budget Announced

McLennan Ross LLP
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On April 19, 2021 ("Budget Day"), the first Federal Budget ("Budget") in two years was released.

CanadaTax
Michelle Fong
Michelle Fong
MaryAnne Loney
MaryAnne Loney
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On April 19, 2021 ("Budget Day"), the first Federal Budget ("Budget") in two years was released.

There are many articles available from accounting firms and media outlets that summarize the Budget. Therefore, rather than providing yet another complete summary, this article instead focuses on certain aspects of the Budget that most interest us and which we believe will be of specific interest to our readers.

Things We Are Excited About

There are provisions in the Budget that, if passed, will likely benefit many of our clients.

Probably the most widely beneficial provisions will be the changes that allow for accelerated capital cost allowance ("CCA") deductions. This includes:

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