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.

Alberta
February 28, 2023                               
British Columbia
February 28, 2023
Manitoba
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
Ontario
March 23, 2023 • Tax Insights
Prince Edward Island
May 25, 2023                            
Quebec
March 21, 2023 • Tax Insights
Saskatchewan
March 22, 2023
Northwest Territories
February 8, 2023
Nunavut
February 23, 2023
Yukon
March 2, 2023
Follow PwC Canada

Contact us

Marc Levstein

Marc Levstein

National Tax Leader, PwC Canada

Tel: +1 647 388 5692

Colin Mowatt

Colin Mowatt

Partner, Tax Policy Leader, PwC Canada

Tel: +1 416 723 0321

Kara Selby

Kara Selby

Tax Markets Leader, PwC Canada

Mikaela McQuade

Mikaela McQuade

Economics and Policy Practice Leader, PwC Canada

Ryan Lotan

Ryan Lotan

National Government and Public Sector Leader, PwC Canada

Tel: +1 613 371 9849

Hide