Alberta Finance Minister Travis Toews tabled Alberta’s 2024 budget (AB Budget 2024) on February 29, 2024, prior to the upcoming provincial elections
Finance Minister Jill Burridge tabled Prince Edward Island’s 2023-24 budget (PEI Budget 2023) on May 25, 2023.
Finance Minister Allan MacMaster tabled Nova Scotia’s budget (NS Budget 2024) for the 2024-25 fiscal year on February 29, 2024.
Finance Minister Katrine Conroy tabled British Columbia’s 2024 budget (BC Budget 2024) on February 22, 2023. BC Budget 2024 estimates that the province’s surplus for the 2023-2024 fiscal year was $3.592 billion, compared to the $5.461 billion deficit projected in the previous budget. This surplus is primarily related to higher taxation revenue, which isn’t expected to continue in the upcoming fiscal years.
The Canadian economy slowed in 2023 with high interest rates and inflation taking a hit on businesses and individuals. Read our analysis on what to expect in Budget 2024.
On November 21, 2023, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, tabled the federal government’s Fall Economic Statement (FES 2023).
Taxpayers, advisors, and promoters (and certain other parties) are required to disclose relevant information on certain tax planning or transactions to the CRA, under the new mandatory disclosure rules.