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ARTICLE · 14 FEBRUARY 2025

A Tax To-do List For Canada's Next Government

Borden Ladner Gervais LLP
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The recent prorogation of Parliament is unfortunate on many levels, most notably for extending by some months the period of time that many government initiatives remain in limbo. The business community is used to managing.

CanadaTax
Steve Suarez
Steve Suarez
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The recent prorogation of Parliament is unfortunate on many levels, most notably for extending by some months the period of time that many government initiatives remain in limbo. The business community is used to managing risks, but some are more avoidable than others. In these particularly trying times, the last thing people making important economic decisions need to be dealing with is a lengthening of the period (entirely for political reasons, it would seem) during which they have no reasonable idea which laws will or won't be changing.

The tax system is one of the many areas affected. If 2024 demonstrated nothing else, it certainly showed how profoundly politics can impact taxation, the (ostensible) increase in capital gains taxation being the most prominent example.

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