Canadian Budget Commentary
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Finance Minister Chrystia Freeland tabled the 2021 Canadian federal budget on April 19. The federal government last delivered a budget in March of 2019, and this is Minister Freeland's first budget as finance minister since she took on the portfolio last summer, following the resignation of Bill Morneau. Read our press release to understand the key budget takeaways.
View our comprehensive commentary for post-budget perspectives from our RSM Canada professionals on how the federal budget will impact the economy, your business, and much more. We have also prepared industry-specific highlights, which contains essential industry insights following the budget release.
INSIGHTS AND TAX ALERTS
The Federal Budget announced new, and extensions to existing, economic recovery measures for businesses in the consumer products industry.
Know the key takeaways and impact on major industries from the Canada Federal Budget released on April 19, 2021.
Understand the implications on middle-market businesses from the Canada Federal Budget released on April 19, 2021.
The 2021 budget builds on a 2020 budget that focused on simulating the economy and providing support to businesses and individuals.
Faster than expected economic recovery, new tax revenue streams and deficit spending are all central themes in the federal government’s first official budget for more than two years.
The Budget reduces the small business tax rate, proposes QST e-commerce changes and enhances Revenu Quebec’s audit resources and reach.
The budget implements several tax measures to stimulate the economy and to support businesses and individuals hardest hit by COVID-19.
The 2021 Alberta Budget was introduced on Feb. 25, 2021, and it continues to focus on economic recovery and keeping taxes steady.
Read RSM’s summarization of the 2020 Fall Economic Statement released by the Canadian government Nov. 30, 2020.
The Ontario Budget commentary summarizes key business and personal tax measures set out in the Ontario Budget.