To help you with your tax planning and keep you informed on Canada’s financial health, our team of tax professionals will offer helpful commentary on issues related to this year’s federal and provincial budgets. As governments table their budgets, PwC will bring immediate detailed analysis to you below.
On March 29, 2012, the Federal Minister of Finance, Jim Flaherty, presented the majority government’s budget. The budget does not change corporate or personal tax rates. This Tax memo discusses the tax initiatives proposed in the budget.
On Tuesday, February 21, 2012, the British Columbia Minister of Finance, the Honourable Kevin Falcon, introduced the province’s 2012 budget.
The budget changes certain income tax rates, both corporate and personal. It introduces a number of new tax credits, enhances some existing tax credits and reverses several previous tax credit enhancements. In addition, the budget modifies the application of certain other taxes in British Columbia. This Tax memo discusses these and other tax initiatives provided by the budget release, after outlining the fiscal aspects.
On Tuesday, April 17, 2012, Manitoba’s Minister of Finance, Stan Struthers, presented the province’s 2012 budget. Read our Tax memo to learn moare about the tax measures announced in the budget.
On Tuesday, March 27, 2012, Ontario’s Minister of Finance, Dwight Duncan, presented the province’s 2012 budget. Read our budget analysis to learn more about how changes introduced in the budget will affect taxpayers.
On November 20, 2012, Nicolas Marceau, Quebec Minister of Finance, delivered the 2013/2014 Budget of the Government of Quebec. Read our summary of highlights from the budget.
Quebec's Minister of Finance Raymond Bachand presented the province's 2012 budget on March 20. The 2012 Quebec budget does not change the personal or corporate income tax rates. It introduces new tax credits for specialized corporations in certain sectors of activities.
Read our summary of highlights from the budget.
On March 21, the Honourable Ken Krawetz, the Minister of Finance in Saskatchewan tabled the budget. Read our analysis of the budget to learn more about tax changes introduced for both individuals and corporations.