Although Budget 2024 did not increase federal corporate or personal tax rates under theIncome Tax Act(Canada) (Tax Act), significant tax measures were announced in Budget 2024 aimed at addressing the federal government’s (Government’s) theme of tax fairness, notably: increasing the capital gains...
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in...
The Canadian federal government unveiled itslatest budget this week, and includes welcome news for students pursuing a master's degree or beyond:federal scholarship values will INCREASE! Budget 2024 promises$825 million, over five years, for grad student scholarship supports, t...
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 ...
“It’s created uncertainty as the proposals have a January 1, 2024, implementation date.” Looking ahead The environment, which this government has prioritized, will likely also find its way into this year’s budget, although Porter would be surprised to see anything as ambitious as the ...
PwC Canada's Federal budget analysis Learn more 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: Increase...
Budget 2024’s most aggressive policy moves centre on housing, and include action on most elements in the government’s newly released housing strategy: Solving the Housing Crisis: Canada’s Housing Plan. Rightly so, with the Canada Mortgage and Housing Corporation (CMHC) estimating that 3.5 milli...
The Federal Government is hopeful that AI research, development and deployment stand to spur significant economic growth, and that Canada is uniquely positioned to seize these opportunities. Consequently, the investments proposed in Budget 2024 are intended to foster innovation, drive ...
Treasurer Jim Chalmers has handed down the 2023-2024 Federal Budget that is big on spending and sends a clear message about the role of clean energy in Australia's economic future. In Chalmers's second Federal Budget, the Federal Government has delivered a $4.2 billion surplus for the ...
The federal government ran a $510 billionbudget deficitin the first quarter of fiscal year 2024 – an increase of $89 billion from the same period a year ago, according to data from the Treasury Department and the nonpartisan Congressional Budget Office (CBO). ...