2021 Federal Budget Commentary

2021 Federal Budget Commentary

On April 19, 2021, the Canadian government released the federal budget for 2021.

This budget may be better known for what is not in it versus what is in it. Our focus is on the tax changes. We will leave the spending and program discussions to the political pundits.

There was significant discussion before the budget about capital gains changes. We can confirm that there were no changes to the following:

  • Capital Gains Tax Rates
  • Principal Residence Exemption taxation
  • Taxation of Non CCPC companies
  • Taxation of Professional Corporations

Please follow the link below to our summary comments of the budget and a more detailed listing of the budget highlights. 

Segal Summary and Budget Highlights

If you have any questions, please do not hesitate to contact your Segal tax advisor.

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