The Canadian federal budget has a release date. It was announced
today that the budget will be released on the afternoon of April 7,
2022. Some interesting Canadian media commentary about the federal
budget and what might be coming can be accessed here.
From a tax perspective, here's a short list of things that
our firm will be looking for:
Personal / Corporate Tax Rate Increases?
I'm guessing there will be none. However, with the new
NDP-Liberal coalition and the fact that the NDP was able to secure
some significant spending initiatives as a result, one wonders if
there just might be some personal tax rate increases (especially
since the NDP in its 2021
election platform called for a 2% personal tax increase on
so-called high income earners). With increased revenues being
realized by the federal government, I'm guessing that there
will be no strong urgency to enact personal and corporate tax
increases.but you never know.
