Everything you need to know about this year’s federal budget
August 9, 2022Everything you need to know about this year’s federal budget
August 9, 2022The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more
The federal budget said the government will proceed with a review of “housing as an asset class"
A Budget 2022 proposal means life insurers could have to pay tax up front on profit earned on 20-year policies, says CLHIA
Advisors are still relatively positive about the tax-free first home savings account, despite not being able to use it alongside the Home Buyers’ Plan
New federal enforcement agency, more funds for FINTRAC
Proposed change in Budget 2022 would "increase expenditures by charities overall," government said
But with no adjustment to the passive income rules, some companies will remain shut out
Budget promises examination of digitalization, single complaint-handling body
Government cuts fossil-fuel credits, offers new credits for critical mineral, carbon capture development
Financial institutions will also have to pay a one-time Canada Recovery Dividend on 2021 taxable income over $1B