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:

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Will personal and/or corporate tax rates increase or decrease?

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Will the Budget contain the long-awaited Bill C-208 amendments that deal with inter-generational transfers of private businesses?

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Will the capital gains inclusion rate increase?

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Will we see amendments to the alternative tax regime?

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Will we see proposals released for the often-promised employee ownership trusts?

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Will the principal residence exemption be amended?

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Will there be new personal tax credits released?

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Will there be amendments released to clean up the technically deficient Underutilized Housing Tax Act?

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Will there be legislative proposals released to amend the general anti-avoidance rule?

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Will there be windfall taxes introduced that attack, say, the oil and gas sector?

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Will a wealth tax be introduced?


 And some other predictions you’ll just have to listen to and find out!
Happy listening!