Clients and friends,
Regarding the 2022 Federal Budget, experts advise not to expect significant changes anytime soon. Citing little bandwidth for the Department of Finance, they predict that the budget will focus on 3 key areas:
- Economic growth and productivity; and
- The “greening” of the economy.
Additionally, some speculate that the budget will address lingering tax promises and fairness issues, such as luxury tax (on cars, boats, and planes), a 15% minimum tax for high-income earners, Bill C-208, and more.
While many anticipate that budget-related discussions will be tabled this spring, we’ll be sure to keep you informed. In the meantime, you can read more on the topic Here. As always, if you have any questions, we’re happy to chat.