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Federal Budget Canada

Alston & Bird

Look Ahead to the Week of May 5: Trump’s ‘Skinny’ Budget Released as Reconciliation Roadblocks Emerge in Key Committees

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Both chambers are in session this week. House Republicans will continue their pursuit of a single reconciliation package that includes President Trump’s key policy priorities. The House Natural Resources Committee will hold...more

BakerHostetler

The Weekly Hill Update - May 2025

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Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more

Alston & Bird

Look Ahead to the Week of April 7: Will the House Pass the Senate Budget Resolution?

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Both chambers are in session this week. Last week, President Trump announced larger-than-anticipated tariffs, including a 10% “baseline” tariff on goods imported from all countries and “discounted reciprocal” tariffs on...more

Alston & Bird

Look Ahead to the Week of March 31: Trump and the World Prepare for Tariff “Liberation Day”

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Both chambers are in session this week. House and Senate Republican leaders will continue working on a compromise budget resolution that could reach the Senate floor later this week. The resolution will establish formal plans...more

Bennett Jones LLP

Economic Outlook: Safeguarding a Vital Relationship and Investing in a More Productive Economy

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The Canadian economy is confronting high global uncertainty and risk. A new U.S. administration will reshape economic policy and international relations in a period already characterized by a fragmentation of global trade and...more

Bennett Jones LLP

New $30 Billion Transit Fund: Legal Perspectives on Canada's Evolving Public Transit and Capital Projects Landscape

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On July 17, 2024, Prime Minister Justin Trudeau announced the official establishment of the Canada Public Transit Fund (CPTF). This initiative will provide $30 billion over the next 10 years and up to $3 billion annually on a...more

Mintz - Tax Viewpoints

Canada’s 2024 Federal Budget Update: The Federal Government Stands Firm on Capital Gains Tax

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In the federal budget released on April 16, 2024 (“Budget 2024”), the government announced that the capital gains inclusion rate will be increased from 50% to 662/3% effective on gains triggered on or after June 25, 2024 (see...more

Blake, Cassels & Graydon LLP

Budget fédéral de 2024 : Le point sur les modifications aux politiques relatives à la réglementation des services financiers

Introduction Le 30 avril 2024, le gouvernement fédéral du Canada (le « gouvernement fédéral ») a déposé l’avis de motion de voies et moyens pour présenter la Loi d’exécution no 1 du budget de 2024 (le « projet de loi ») afin...more

Bennett Jones LLP

Impact Assessment Act Amendments Announced: Many Questions Still Left Unresolved

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On April 30, 2024, the Government of Canada announced widely-anticipated amendments to the Impact Assessment Act (IAA or Act) as part of a 663 page omnibus budget bill. Canada announced the 2024 budget with the tagline...more

Blake, Cassels & Graydon LLP

2024 Federal Budget: Update on Financial Services Regulatory Policy Changes

Introduction - On April 30, 2024, the federal government tabled a Notice of Ways and Means Motion to introduce the Budget Implementation Act, 2024, No. 1 (Bill) to codify many of the provisions of the 2024 budget (Budget...more

Bennett Jones LLP

Government of Canada Unveils Details Regarding New Federal Indigenous Loan Guarantee Program

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On April 16, 2024, the Canadian Government released the 2024 federal budget, including details on the much-anticipated federal Indigenous Loan Guarantee Program (ILG Program). First announced in the government's 2023 Fall...more

Blake, Cassels & Graydon LLP

Budget fédéral 2024 : Points saillants relatifs au secteur des services bancaires et financiers

Le 16 avril 2024, la vice-première ministre et ministre des Finances du Canada, Chrystia Freeland, a dévoilé le budget fédéral de 2024 (le « Budget 2024 »). Intitulé « Une chance équitable pour chaque génération », le Budget...more

Blake, Cassels & Graydon LLP

Budget fédéral 2024 : Mesures visant les régimes de retraite, les avantages sociaux et la rémunération des hauts dirigeants

Le 16 avril 2024, le gouvernement fédéral a déposé son budget de 2024 (le « Budget 2024 »), lequel renferme un certain nombre de dispositions concernant les régimes de retraite, les avantages sociaux et la rémunération des...more

Mintz - Tax Viewpoints

Canada’s Federal Budget 2024: More Changes to the Stock Option Rules = More Headaches for Employers

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Much of the talk about Canada’s federal budget released on April 16, 2024 (“Budget 2024”) has been concentrated on the increase to the capital gains inclusion rate, highlighted by criticism from the business community that...more

Blake, Cassels & Graydon LLP

2024 Federal Budget: Selected Pensions, Benefits and Executive Compensation Measures

On April 16, 2024, the federal government tabled its 2024 budget (2024 Budget), which included a number of provisions related to pensions, benefits and executive compensation. Here is an overview of such key provisions in...more

Bennett Jones LLP

Budget 2024 Provides Additional Details for the Clean Electricity ITC and Adds Another ITC for Electric

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In Budget 2024, the Government of Canada continued their drive to implement government incentives aimed at decarbonizing the economy through providing further clarification and design details for the Clean Electricity...more

Blake, Cassels & Graydon LLP

2024 Federal Budget: Banking, Financial Services Highlights

On April 16, 2024, Canada’s Deputy Prime Minister and Finance Minister Chrystia Freeland unveiled Budget 2024 (Budget). The Budget, titled “Fairness for every generation,” sets out the federal government’s policy initiatives...more

Bennett Jones LLP

New Funding for Proptech in Canada's 2024 Budget

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Canada's federal government is turning to property technology (Proptech) to help solve the country's housing crisis. In the just-released 2024 Budget, new funding was announced to spur the development of new housing...more

Mintz - Tax Viewpoints

Canada’s 2024 Federal Budget: The Time Is Now ... to Lock in Lower Tax Rates

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Tax practitioners will be busy in the coming weeks. Usually, in the lead-up to the issuance of the federal budget, released this year on April 16, 2024 (“Budget 2024”), there is speculation that the capital gains rate will be...more

Davies Ward Phillips & Vineberg LLP

Federal Budget 2024: How It Impacts You and Your Business

On April 16, 2024 (Budget Day) the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2024). Budget 2024 included a number of proposed...more

Blake, Cassels & Graydon LLP

L’ARC désigne les opérations à signaler et met à jour les lignes directrices en matière de divulgation obligatoire

Introduction - Le 1er novembre 2023, l’Agence du revenu du Canada (l’« ARC ») a publié une liste d’opérations qui ont été désignées comme les premières « opérations à signaler » en vertu des nouvelles règles de divulgation...more

Blake, Cassels & Graydon LLP

CRA Designates Notifiable Transactions and Updates Mandatory Disclosure Guidance

Introduction - On November 1, 2023, the Canada Revenue Agency (CRA) released a list of transactions that have been designated as the first “notifiable transactions” under the new mandatory disclosure rules (MD Rules) in...more

Bennett Jones LLP

Employee Ownership Trusts—A Useful Tool for Employee Business Ownership?

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There is a growing international movement to increase employee ownership of businesses. Some jurisdictions such as the United Kingdom and the United States have developed tax rules and incentives to facilitate business...more

Blake, Cassels & Graydon LLP

Budget fédéral 2023 : Répercussions sur le Régime canadien de lutte contre le recyclage des produits de la criminalité

Le 28 mars 2023, le gouvernement fédéral a publié son budget de 2023 (le « Budget 2023 »), lequel propose d’importants changements au régime canadien de lutte contre le recyclage des produits de la criminalité en vertu de...more

Stikeman Elliott LLP

Every Benefit Everywhere All at Once: A Detailed Analysis of the 2023 Federal Budget’s Pension and Benefit Proposals

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On March 28, 2023, the federal government tabled its 2023 budget, “A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future” (the “Budget”). Last week, our Tax Group released its comprehensive Budget...more

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