Budget 2024

Everything you need to know about this year’s federal budget

May 7, 2024

Budget extends Canada Child Benefit, sets up autoenrollment for RESPs

Government also allocates $60 million toward free financial advice

  • April 16, 2024 April 16, 2024
  • 18:57

Canada to require cryptoasset reporting by 2027

Central bank digital currencies will be classified separately, but also have new reporting standards

  • April 16, 2024 April 16, 2024
  • 17:31

Canada Disability Benefit gets $6.1B in funding

Maximum annual benefit is $2,400, and payments expected to begin in July 2025

  • April 16, 2024 April 30, 2024
  • 17:30

CRA receives boost from Budget 2024

Automatic tax filing pilot to benefit low-income Canadians

  • April 16, 2024 April 16, 2024
  • 17:11

Entrepreneurs to get tax break on capital gains inclusion

Feds propose Canadian Entrepreneurs’ Incentive

  • April 16, 2024 April 16, 2024
  • 16:57

Budget 2024 expands CPP benefits

The death benefit has been doubled for some contributors

  • April 16, 2024 April 16, 2024
  • 16:44

Feds clarify requirements for EOT tax exemption on capital gains

Budget 2024 provided details on how exiting business owners can qualify

  • April 16, 2024 April 16, 2024
  • 16:21

Feds provide fix to new AMT regime to ease charities’ concerns

Individuals can claim 80% of donation tax credit, up from previously proposed 50%

  • April 16, 2024 April 16, 2024
  • 16:18

Feds raise capital gains inclusion rate to 66.6% for high earners, starting June 25

Higher new rate applies on gains above $250,000 for individuals, and all gains realized in corps and trusts

  • April 16, 2024 April 16, 2024
  • 16:17

Budget 2024 pledges $53B in new spending

Government keeps $40-billion deficit from rising in annual budget

  • April 16, 2024 April 16, 2024
  • 16:14