Canadian businesses and individuals may see new and extended measures in Budget 2023 to help with affordability and the uncertain economic landscape.
If you are saving towards purchasing your first home, you may benefit from the new Tax-Free First Home Savings Account (FHSA).
On November 14, 2022, Finance Minister Peter Bethlenfalvy delivered the 2022 Ontario Economic Outlook and Fiscal Review (the “Fiscal Review”).
The release of Bill C-32’s draft legislation allows more medium-sized Canadian-controlled private corporations to qualify for the Small Business Deduction (SMD).
Bill C-32 includes measures aimed to help with housing affordability, specific non-tax measures from Fall Economic Statement 2022, and previously proposed legislation.
On November 3, 2022, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, tabled the federal government’s Fall Economic Statement.
The passing of Bill C-19 allows the CRA to accept late-filed wage and rent subsidy claims and enact certain tax measures announced in budget 2021 & 2022.
Bill C-8, which includes enhancements to the Eligible Educator School Supply Tax Credit and the new Return of Fuel Charge Proceeds to Farmers Tax Credit, achieved Royal Assent on June 9, 2022.