2021 Federal Budget Summary
Budget 2021In an unprecedented time, the federal government has delivered an unprecedented budget. At almost 800 pages, the federal government’s 2021 budget (“Budget 2021”) is massive in size and spending.
The 2021 Federal Budget continues to support spending on COVID-19 relief measures, though the funding is winding down. Tara Benham (National Tax Leader) and Matt MacAdam (Partner, Tax) discuss the proposed extension of both the CEWS and CERS and introduction of the Canada Recovery Hiring Program (CRHP).
0:25 What are CEWS and CERS?
2:30 What kind of extensions were introduced?
4:15 What is the announcement about executive compensation and repayment?
5:20 What is the proposed Canada Recovery Hiring Program (CRHP)
6:39 Can I file for both the CEWS and the CRHP?
8:03 What if I missed or filing deadline or need to increase my claim?
Grant Thornton presents our video series on the 2021 Federal Budget. Featuring Tara Benham (National Tax Leader) and various tax experts, we explore what Canadians may see in the upcoming budget, a recap of budget highlights and the budget’s implications for individuals and businesses.
Visit our pre-budget alert 2021 for more information about the 2021 Federal Budget.
For the latest information and analysis on provincial and federal budgets, visit our Budget 2021 hub.
In an unprecedented time, the federal government has delivered an unprecedented budget. At almost 800 pages, the federal government’s 2021 budget (“Budget 2021”) is massive in size and spending.
As the 2021 Canadian Federal budget approaches—the first since the pandemic began—Grant Thornton’s Tara Benham (National Tax Leader) and Mike Stubbing (Business Unit Tax Service Line Leader) discuss what businesses and individuals may see.
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.
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