On March 12, 2021, Finance Minister Darlene Compton tabled PEI’s 2021-22 budget (Budget 2021).
The federal government is expected to release its budget (Budget 2021) this spring. This will be the first budget tabled since March 19, 2019, before the Liberal government was re-elected, and comes at a time of economic uncertainty caused by the pandemic.
On February 25, 2021, Alberta Finance Minister Travis Toews tabled Alberta’s 2021-24 three-year fiscal plan (Budget 2021). The global pandemic and the crash in oil prices have brought significant challenges to the province.
The 2020 Fall Economic Statement provides a summary of government measures introduced in response to COVID-19 to help Canadian businesses and individuals.
Finance Minister Rod Phillips has tabled Ontario’s 2020-21 budget which introduces $15 billion of new spending over three years in response to COVID-19.
The Canada Recovery Benefit (CRB) explained will provide $500 per week, for each two-week period, for up to 26 weeks (i.e. 13 two-week periods). The benefit paid out for each two-week period will be $900, which is $1,000 less withholding tax of $100.
With the BC election near and in light of COVID-19, both the NDP and Liberal parties have proposed new Provincial Sales Tax (PST) and Speculation and Vacancy Tax initiatives.
Rare decision by Tax Court of Canada ruling in favor of AgraCity Canada over transfer pricing dispute with CRA.