March 24, 2022 by John F. Oakey
2022 Quebec provincial budget tax highlights
On March 22, the Quebec government released their 2022 budget. The following are highlights of the key tax measures.
Recent Publications - Budget Reports
Recent Publications
March 23, 2022 by John F. Oakey
2022 Federal and provincial budget highlights
Baker Tilly Canada is pleased to continue our tradition of providing valuable commentary and analysis of federal and provincial budgets. Click on any flag below to see corresponding 2022 budget highlights – from changes to personal and corporate tax measures to indirect tax updates and more. Speak to your Baker Tilly Canada advisor to understand how these policies could affect your business.
March 23, 2022 by John F. Oakey
2022 New Brunswick provincial budget tax highlights
On March 22, the New Brunswick government released their 2022 budget. The following are highlights of the key tax measures.
March 4, 2022 by John F. Oakey
2022 Prince Edward Island budget tax highlights
On February 24, the PEI government released their 2022 budget. The following are highlights of the key tax measures.
March 1, 2022 by John F. Oakey
2022 British Columbia provincial budget tax highlights
On February 22, the B.C. government released their 2022 budget. The following are highlights of the key tax measures.
March 1, 2022 by John F. Oakey
2022 Alberta provincial budget tax highlights
On February 24, the Alberta government released their 2022 budget. The following are highlights of the key tax measures.
July 9, 2021 by John F. Oakey
2021 Federal and provincial budget highlights
Baker Tilly Canada is pleased to continue our tradition of providing valuable commentary and analysis of federal and provincial budgets. Click on any flag below to see corresponding 2021 budget highlights – from changes to personal and corporate tax measures to indirect tax updates and more. Speak to your Baker Tilly Canada advisor to understand how these policies could affect your business.
Focus on recovery
Our handy infographic highlights some of the top business tax policies you might want to be aware of, followed by a quick roundup of additional tax updates from Budget 2021.
April 19, 2021 by John F. Oakey
COVID-19 Emergency Business Supports – Extensions and a new program
With the release of Budget 2021 amid the global COVID-19 pandemic, it was expected that the federal government would expand some of the federal relief programs, as well as introduce new ones. The 2021 budget accomplished both the extension of existing business support programs and the introduction of a new benefit.
2021 Federal Budget Commentary
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance today tabled her first federal budget titled “A Recovery Plan for Jobs, Growth and Resilience”.
March 12, 2021 by John F. Oakey
2021 Alberta provincial budget tax highlights
On February 25, 2021, the Alberta government released their 2021 budget. The following are highlights of the key tax measures.
Interest deductibility restriction: A safe bet for the budget
The Liberals and NDP both introduced a policy in the 2019 election campaign to restrict the deductibility of interest expenses. This was not a new idea, as the United States already enacted legislation to restrict interest expenses on December 22, 2017, under the US Tax Cuts and Jobs Act.
February 21, 2020 by John F. Oakey
Is Finance ready for intergenerational transfers?
A fundamental principle in tax policy is neutrality. Taxation should seek to be neutral, not influence activities or decisions. However, governments have a tendency to utilize tax legislation to incentivize or discourage taxpayer behaviours.
February 12, 2020 by John F. Oakey
The capital gains inclusion rate dilemma
As we get closer to the federal budget date each year, people start speculating about a possible increase in the capital gains inclusion rate. Currently, individuals only pay tax on 50 per cent of their capital gains, leaving the other 50 per cent tax-free. There are legitimate policy reasons for not taxing 100 per cent of capital gains (e.g., inflation, risk), but the intention of this article is not to debate the policy behind full or partial taxation on capital gains.
Infographic: Budget 2019 highlights
Some of our experts’ top takeaways from this election-year budget include:
March 20, 2019 by John F. Oakey
3 items you almost missed in Budget 2019
Baker Tilly Canada’s National Director of Tax Services John Oakey considers three items in the federal budget that almost flew under the radar: cryptocurrency non-compliance, beneficial ownership transparency and the future of surplus stripping.
March 19, 2019 by John F. Oakey
Missed opportunities to invest in Canadian business
Heading into the 2019 federal budget, many Canadian businesses were hoping the Liberal government would backpedal on several years of restrictive tax measures. It started when they took office and promised to review the Income Tax Act, eliminating unnecessary tax deductions and credits – but it didn’t stop there.
Commentary
The Honourable Bill Morneau, Minister of Finance, today tabled his fourth federal budget titled “Investing in the Middle Class”. With this budget, the government addressed four key areas:
- Investing in the Middle Class
- Building a Better Canada
- Advancing Reconciliation
- Delivering Real Change
March 6, 2019 by John F. Oakey
Will the Liberals embark on the right path to tax reform?
CPA Canada and other organizations have been actively consulting with the Department of Finance and Canada Revenue Agency on various technical issues and red tape that currently exist within the Income Tax Act.
February 28, 2019 by John F. Oakey
Will the federal government lower corporate tax rates?
If you did not associate the buzz words “competitive advantage” with the federal government and tax policy before, it is hard to ignore now.