Encouraging affordable housing and sustainability
On April 7, 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:
The Canada Recovery Dividend, a one-time 15% tax on banks and life insurers, and a proposed additional 1.5% tax on banking and life insurer groups
A refundable tax credit for carbon capture, utilization and storage, and the Critical Mineral Exploration Tax Credit
A public consultation on the Canadian implementation of OECD model rules that introduce a global minimum tax (Pillar Two) for large multinational enterprises
The Tax-Free First Home Savings Account, a new registered account for first-time homebuyers, and a doubling of the First-Time Home Buyers’ Tax Credit
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 that summarizes its impacts.
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Alberta February 24, 2022 |
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British Columbia February 22, 2022 • Tax Insights |
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Manitoba April 12, 2022 |
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New Brunswick March 22, 2022 |
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Newfoundland and Labrador April 7, 2022 |
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Nova Scotia March 29, 2022 • Tax Insights |
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Ontario April 28, 2022 • Tax Insights |
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Prince Edward Island February 24, 2022 |
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Quebec March 22, 2022 • Tax Insights |
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Saskatchewan March 23, 2022 |
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Northwest Territories February 22, 2022 |
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Nunavut May 26, 2022 |
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Yukon March 3, 2022 |
National Tax Markets Lead, Compliance.Transformed leader, Partner, PwC Canada
Tel: +1 403 509 6373
