| Department of Finance Canada | backgrounders
Making life more affordable is one of the government’s primary goals in Budget 2022. In the long run, this will require addressing long-standing, structural challenges to deliver meaningful improvements in living standards for more Canadians.
| Department of Finance Canada | backgrounders
Canada’s rural communities are a driver of economic growth, and home to a wide range of industries including agriculture, mining, and tourism. To support this growth, Budget 2022 announces a range of important programs and initiatives that are supporting Canadians living and working in rural communities.
| Department of Finance Canada | backgrounders
In Budget 2021, the federal government made an historic investment of $30 billion over five years to build a Canada-wide early learning and child care system. In less than a year, it reached agreements with all 13 provinces and territories. By the end of 2022, child care fees will be reduced by an average of 50 per cent, and by 2025-26, child care fees will average $10-a-day for all regulated child care spaces, from coast-to-coast-to-coast.
| Department of Finance Canada | backgrounders
Budget 2022 proposes additional measures that will make the tax system more fair, and new steps to ensure that the federal government is delivering the effective programs and services that Canadians deserve.
| Department of Finance Canada | backgrounders
The government has proposed to deliver CAI payments on a quarterly basis starting this year
| Department of Finance Canada | backgrounders
Biographical notes - Abraham Tachjian
| Department of Finance Canada | backgrounders
Elizabeth Wademan has over 24 years of financial services experience as a senior capital markets executive and experienced corporate director.
| Department of Finance Canada | backgrounders
Budget 2021 recognized that the lack of timely, comprehensive and relevant information on aggressive tax planning strategies is one of the main challenges faced by tax authorities worldwide. Early access to this information allows tax authorities to respond quickly to tax risks through informed risk assessments, audits and changes to legislation.
| Department of Finance Canada | backgrounders
Budget 2021 included proposals to provide temporary immediate expensing in respect of certain property acquired by a Canadian-Controlled Private Corporation (CCPC).
| Department of Finance Canada | backgrounders
Under Section 237.4 of the Income Tax Act, the Minister of National Revenue has the authority to designate, with the concurrence of the Minister of Finance, transactions and series of transactions as requiring disclosure by taxpayers, advisers, promoters, and certain other persons.
