On March 28, 2023, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2023: A plan to build a stronger, more sustainable, and more secure economy for everyone.
The budget proposes new measures to:
> facilitate intergenerational business transfers
> facilitate the use of Employee Ownership Trusts an additional option for succession planning
> strengthen the General Anti-Avoidance Rule
> better target the Alternative Minimum Tax for High-Income Individuals
> invest in building Canada’s clean economy
> making life more affordable
> make dental care affordable for Canadians
The budgets also proposes a responsible fiscal plan that will see Canada maintain the lowest deficit and the lowest net debt-to-GDP ratio in the G7.
READ MORE the highlights of the 2023 budget.