Posted on April 20th, 2021 in

2021 Federal Budget Commentary

front cover of Federal Budget 2021 newsletter

On April 19, 2021, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience, to the House of Commons.

No changes were made to personal or corporate tax rates (other than a temporary measure for zero-emission technology manufacturers), nor to the inclusion rate on taxable capital gains.

Highlights in the detailed commentary include:

  • Personal Measures
  • Business Measures
  • International Measures
  • Sales and Excise Tax
  • Electronic Filing, Payments, and Certification
  • Previously Announced Measures
To help understand the impact of the budget across Canada’s major industries,  view RSM Canada’s handy infographic highlighting the key business takeaways.

*RSM content is referenced with permission as a member of the RSM Canada Alliance.