Budget 2023 announced a refundable Clean Electricity investment tax credit equal to 15 per cent of the capital cost of eligible property, with some additional changes announced in the 2023 Fall Economic Statement. Budget 2024 provides the design and implementation details of the tax credit. Polymetall...
From a small business perspective, Waters is also looking to see if the budget will advance a proposal that would introduce a $10M capital gains exemption on the sale of small businesses to an employee ownership trust. Given that the proposal was first mentioned in November’s Fall Economic St...
In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit – the gap between government revenue vs. spending – will be $1.9 trillion for the 2024 fiscal year. Thedeficit forecastis $400 billion higher than the CBO’s last estimate in February, an i...
On Tuesday, 14 May 2024, Australian Treasurer Jim Chalmers will release the 2024-2025 federal budget. This budget is expected to address a range of issues, including investment in local manufacturing capability and economic...
April 17, 2024 On April 16, 2024, the federal government introduced Budget 2024: Fairness for Every Generation. The Budget contains tax measures aimed at generating increased tax revenue from wealthier Canadians. The federal government believes that this will make the tax system more "fair". The...
The 2024 federal budget: Bad news for medical professional corporationsDunne, CaitlinBritish Columbia Medical Journal
Budget 2024 was released on April 16, 2024, and it contained several proposed changes to Canada’s tax system. Over the next several days, Dentons Canada’s Tax group will release several short pieces that highlight the changes and how they may impact ce
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The Federal Budget for 2024-25 has been released. Here is a snapshot of the proposed changes and what they could mean for you and your superannuation or retirement.
On April 16, 2024, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented the federal government’s budget. Read more about the tax initiatives proposed in the budget in our in-depth Tax Insights. Key highlights: Increases to the capital gains inclusion rate for all co...