April 7, 2022 update

Information is accurate as at 3:00 p.m. EDT. Information may be affected by subsequent announcements.

Links to government announcements follow at the end of the update.

Canada - Federal budget to be released: Deputy Prime Minister and Minister of Finance, Chrystia Freeland, will present the federal government’s 2022 budget at approximately 4pm EDT today. For information on tax measures announced in the budget, see our upcoming Federal budget analysis, which will be available at www.pwc.com/ca/budget.
Newfoundland and Labrador - 2022-23 budget released: The Newfoundland and Labrador government released its budget for 2022‑23, projecting a deficit of $351 million. The budget does not change corporate or personal income tax rates, but does introduce the: (i) Green Technology Tax Credit, a 20% tax credit on eligible capital costs for specified green activities (maximum credit of $1 million annually, of which 40% will be refundable); (ii) Manufacturing and Processing Investment Tax Credit, a 10% tax credit on investments in capital equipment in the manufacturing and production, fishery, farming and forestry sectors; and (iii) All Spend Film and Video Production Tax Credit, a 30% tax credit that will apply to total qualified production costs (maximum credit of $10 million annually per project). The budget also eliminates the retail sales tax on home insurance for one year.

British Columbia - Public health restrictions relaxed: Effective April 8, 2022, the following restrictions will be lifted: (i) the BC Vaccine Card proof of vaccination requirement for events, services and businesses; and (ii) the requirement for students living in student residences to be fully vaccinated against COVID‑19.
Nunavut - Public health emergency to end: Nunavut’s public health emergency, which was previously extended until April 14, 2022, will now end on April 11, 2022; all remaining public health restrictions will be lifted on that date.
Prince Edward Island - Public health restrictions relaxed: Effective April 6, 2022, PEI moved to Step 3 of its reopening plan and: (i) the state of public health emergency is lifted; (ii) capacity limits are lifted for all gatherings, activities and businesses; and (iii) close contacts of positive COVID‑19 cases are not required to self-isolate nor (for essential workers) to provide a negative COVID‑19 test before returning to work. However, the requirement to wear a mask in indoor public places will be maintained until April 28, 2022.