On March 28, 2023, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2023 – A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future, to the House of Commons.
No changes were made to personal or corporate tax rates or to the inclusion rate on taxable capital gains. Some highlights include the following:
- Modifications to the alternative minimum tax regime focused on high-income individuals.
- A one-time grocery rebate equal to two quarterly GST/HST credit payments.
- Additional flexibility and possibilities with Registered Disability and Registered Education Savings Plans were introduced…