Everything you need to know about this year’s federal budget
May 7, 2024Everything you need to know about this year’s federal budget
May 7, 2024Government also allocates $60 million toward free financial advice
Central bank digital currencies will be classified separately, but also have new reporting standards
Maximum annual benefit is $2,400, and payments expected to begin in July 2025
Automatic tax filing pilot to benefit low-income Canadians
Feds propose Canadian Entrepreneurs’ Incentive
The death benefit has been doubled for some contributors
Budget 2024 provided details on how exiting business owners can qualify
Individuals can claim 80% of donation tax credit, up from previously proposed 50%
Higher new rate applies on gains above $250,000 for individuals, and all gains realized in corps and trusts
Government keeps $40-billion deficit from rising in annual budget