Canada’s Deputy Prime Minister and Minister of Finance, the Honorable Chrystia Freeland, presented Budget 2022 entitled “A Plan to Grow Our Economy and Make Life More Affordable” in the House of Commons on 7 April 2022.
Notwithstanding continued concern from many in the business community regarding the funding of budget deficits, there were no broad increases to personal or corporate tax rates, no increases in goods and services tax (GST) or harmonized sales tax (HST), and no new taxes on wealth, inheritance, or capital. The capital gains inclusion rate remains at 50%.
Source Deloitte
