2023 Federal budget

Supporting a clean economy

On March 28, 2023, 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:

  • Refundable investment tax credits for clean hydrogen equipment, clean electricity systems and equipment, and clean technology manufacturing and processing equipment

  • Details of the previously announced 2% tax on the net value of share repurchases by public corporations

  • Amendments to the alternative minimum tax (AMT) affecting high-income individuals

  • Tightening of the intergenerational business transfer rules

  • New rules to facilitate Employee Ownership Trusts

  • A consultation on specific proposals to strengthen the general anti-avoidance rule (GAAR)

Explore the findings


Illustration of people stacking money

2023 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 that summarizes them.

February 28, 2023                               
British Columbia
February 28, 2023
March 7, 2023 • Tax Insights
New Brunswick
March 21, 2023
canada-flags-nl.png Newfoundland and Labrador
March 23, 2023
Nova Scotia
March 23, 2023
March 23, 2023 • Tax Insights
Prince Edward Island
May 25, 2023                            
March 21, 2023 • Tax Insights
March 22, 2023
Northwest Territories
February 8, 2023
February 23, 2023
March 2, 2023
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Dean Landry

Dean Landry

National Tax Leader, PwC Canada

Tel: +1 416 815 5090