2024 Federal budget

Supporting housing, raising taxes

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PwC Canada's Federal budget analysis

On April 16, 2024, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented the federal government’s budget. Read more about the tax initiatives proposed in the budget in our in-depth Tax Insights.

Key highlights:

Increases to the capital gains inclusion rate for all corporations and trusts and for individuals with annual gains >$250,000
Confirmation of the alternative minimum tax (AMT) proposals affecting high-income individuals, but with amendments to the AMT treatment of charitable donations
Design and implementation details for the clean electricity investment tax credit
Incentives for certain purpose-built rental housing, including accelerated capital cost allowance and interest deductibility relief for debt incurred to fund its construction or acquisition
Support for innovation through immediate expensing for the costs of certain patents and computer equipment and software

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2024 Provincial and Territorial budgets

The release dates for provincial and territorial budgets are noted. If the budget announces significant tax measures, we will also prepare a Tax Insights publication to summarize them.

	Alberta February 29, 2024 • Tax Insights
	British Columbia February 22, 2024 • Tax Insights
	Manitoba April 2, 2024 • Tax Insights
	New Brunswick March 19, 2024
	Newfoundland and Labrador March 21, 2024
	Nova Scotia February 29, 2024
	Ontario March 26, 2024 • Tax Insights

	Prince Edward Island February 29, 2024
	Quebec March 12, 2024 • Tax Insights
	Saskatchewan March 20, 2024 • Tax Insights
	Northwest Territories Not yet announced
	Nunavut February 26, 2024
	Yukon March 7, 2024