In this episode of TaxBreaks, Kenneth Keung and Kim GC Moody provide their predictions on what might be included – or not – in the 2023 Canadian Federal Budget (that will be released on March 28, 2023). Kenneth and Kim provide their best "guesstimates" on:
- Will personal and/or corporate tax rates increase or decrease?
- Will the Budget contain the long-awaited Bill C-208 amendments that deal with inter-generational transfers of private businesses?
- Will the capital gains inclusion rate increase?
- Will we see amendments to the alternative tax regime?
- Will we see proposals released for the often-promised employee ownership trusts?
- Will the principal residence exemption be amended?
- Will there be new personal tax credits released?
- Will there be amendments released to clean up the technically deficient Underutilized Housing Tax Act?
- Will there be legislative proposals released to amend the general anti-avoidance rule?
- Will there be windfall taxes introduced that attack, say, the oil and gas sector?
- Will a wealth tax be introduced?
And some other predictions you'll just have to listen to and
find out!
Happy listening!
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