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, 2022Profits on sale of residential property held for less than 12 months would be taxed as business income
The government plans to consult on how to allow "genuine" intergenerational share transfers
The measure would target those among the top 0.5% not paying their “fair share” of taxes
The accounts will have a $40,000 lifetime limit on contributions and an annual contribution limit of $8,000
To pay for some of the spending, the government is rolling out a tax on excess profits at banks and lifecos