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March 29, 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.

Tax updates:

  • Nova Scotia - 2022-23 budget released: The Nova Scotia government released its budget for 2022‑23, projecting a deficit of $506.2 million. The budget does not change personal or corporate income tax rates, but does introduce, starting the 2022 taxation year: (i) a $500 refundable Children’s Sports and Arts Tax Credit; (ii) fertility and surrogacy rebates of up to $8,000 per year for each rebate; and (iii) the More Opportunities for Skilled Trades tax refund, which will provide a refund of provincial personal income tax on the first $50,000 of earned income for individuals under the age of 30 who are employed in selected skilled trades and occupations. In addition, the budget proposes to implement: (i) a non-resident deed transfer tax, effective April 1, 2022; and (ii) a non-resident property tax, effective for the 2022‑23 fiscal year. For more information, see our upcoming Tax Insights “2022 Nova Scotia budget: Tax highlights” at www.pwc.com/ca/taxinsights.    

Updates:

  • Nunavut - Public health restrictions relaxed: Effective March 28, 2022: (i) gatherings may be held in private homes with up to 15 people plus household members, or outdoors with no restrictions; (ii) restaurants, theatres and public indoor gatherings, including places of worship, may operate at 75% capacity, to a maximum of 100 people; and (iii) gyms, libraries, museums and arenas may operate at 50% capacity with a maximum of 25 people (50 people for arenas).

Links to government announcements:

Contact us

Dean Landry

CPA, CA, CFP, National Tax Leader, Toronto, PwC Canada

+1 416 815 5090

Email

Shawn Reain

CPA, CA, National Tax Markets Lead, Compliance.Transformed leader, Partner, Calgary, PwC Canada

+1 403 509 6373

Email

Kent Smith

Partner, Ottawa, PwC Canada

+1 613 755 8742

Email

Éric Labelle, LL.L.

LL.L, Quebec Tax Markets Leader, Montreal, PwC Canada

+1 514 205 5063

Email

Julien Lassonde

Partner, PwC Associates, National Incentives Leader, Montreal, PwC Canada

+1 418 997 4019

Email

Liam Fitzgerald

CA, LLB, Tax Operations Leader (Competency), Toronto, PwC Canada

+1 416 869 2601

Email