2022 federal budget to focus on housing, tax fairness

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With the government busy implementing previously announced measures, major initiatives are unlikely to be included

The 2022 federal budget will probably include initiatives to curb speculation in real estate, boost productivity through targeted tax incentives and promote overall tax fairness, tax policy experts suggest.

But the Liberal government is unlikely to introduce significant broad-based tax increases.

“I sense a reluctance to raise the top rates further, because capital is mobile — it leaves the country,” said Carol Sadler, founder and tax leader with Achen Henderson LLP in Calgary, adding that she doesn’t expect tax rates to increase for middle-income earners, either.

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Original Article Source Credits: Advisor's Edge, https://www.advisor.ca

Article Written By: Rudy Mezzetta

Original Article Posted on: February 23, 2022

Link to Original Article: https://www.advisor.ca/tax/tax-news/2022-federal-budget-to-focus-on-housing-tax-fairness-tax-experts