On April 7, 2022, Finance Minister Chrystia Freeland released the Liberal Government’s federal budget. Budget 2022 is focused on measures intended to assist Canadians with affordability (particularly when it comes to housing, child care, and health care), with some measures on climate action and investing in innovation and productivity.
Read the full report here.
Budget 2022 does not propose changes to personal income tax rates and brackets, the capital gains inclusion rate of 50% or corporate income tax rates (except for certain banks and insurance companies.)