“These are bigger worries right now for the government than a comprehensive tax reform": Golombek
Experts say the projected deficit is broadly in line with expectations
Total net new government spending for the 2025-26 fiscal year is $20.1 billion
Administrative savings will be used to strengthen tax compliance
Writeoff for manufacturing and processing buildings ‘huge incentive’: Golombek
In “very rare cases,” the decrease in value of credits could exceed tax savings from one-percentage-point cut to lowest bracket
$150 payment to be retroactive to start of program
Proposals impact banking fees, cheque deposits, open banking stablecoin regulation and credit union rules
The 406-page budget includes almost $90B in net new spending items over five years
The Canada-U.S. trade war forms the backdrop of the entire budgetary plan