Federal budget 2022: What you need to know
All of Advisor.ca’s 2022 federal budget coverage in one place.
The 2022 federal budget left some third rails of Canadian tax policy untouched: the principal residence exemption remains intact, and the capital gains inclusion rate remains 50%.
However, the feds introduced an anti-flipping tax as well as measures aimed at supporting new homebuyers. In good news for small business owners, eligibility for the 9% small business tax rate on the first $500,000 in active business income has expanded, and the government is consulting on Bill C-208.
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Original Article Posted on: April 7, 2022
Link to Original Article: https://www.advisor.ca/tax/tax-news/federal-budget-2022-what-you-need-to-know