Episode 028 – 2023 Federal Budget Predictions

TaxBreaks

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!