ARTICLE · 08 FEBRUARY 2024

2023 Federal Budget: Where Are We Now?

Thompson Dorfman Sweatman LLP

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We previously provided our top four key takeaways for tax planning from Budget 2023 in our March 30, 2023 article "2023 Federal Budget: Top 4 Changes for Tax Planning."

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C. Leah Suderman

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We previously provided our top four key takeaways for tax planning from Budget 2023 in our March 30, 2023 article "2023 Federal Budget: Top 4 Changes for Tax Planning."

Fast-forward almost a year, and where are we now? Bill C-47, An Act to implement certain provisions of the budget tabled in Parliament on March 28, 2023, received royal assent on June 22, 2023, and Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023, is currently in reading in the House of Commons.

1. ALTERNATIVE MINIMUM TAX FOR HIGH-INCOME INDIVIDUALS

Status: Pending – has not been introduced to Parliament.

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