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Tax Flash Bulletin: April 2021

04.26.21 // Markets & Investing // Blog Article

Focus on Recovery

The federal budget did not propose increases to personal tax rates or corporate tax rates.  Investors and advisors can breathe a sigh of relief knowing the capital gains inclusion rate remains at 50%.  As expected, the government extended most personal and business pandemic support programs in the budget.  The most interesting new tax proposal is the annual 1% tax on the value of vacant homes owned by non-resident, non-Canadians, beginning in 2022.

Click here to read the federal budget highlights.

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