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April 20, 2021
2021-0807

Highlights of Canada's Federal Budget 2021-22 provided

Deputy Prime Minister and Federal Finance Minister, Chrystia Freeland, tabled the federal budget 2021-22 on April 19. The budget contains tax measures affecting individuals and corporations. The Deputy Prime Minister and Federal Finance Minister anticipates a deficit of $354.2 billion for fiscal 2020-21 and $154.7 billion for fiscal 2021-22, with reduced deficits for each of the next four fiscal years.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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Full text of Tax Alert

 

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