• 2021 Federal Budget

    Author: K&E Professional Accounting Associates | | Categories: canada , CERS , changestosubsidies , CRA , federalbudget2021

    Accounting Firm in Winnipeg

    The new Canadian federal budget was tabled on April 19, 2021 by finance minister Chrystia Freeland. The federal deficit is estimated to be $354.2 billion for fiscal year 2020-21 and next year’s deficit is expected to be $154.7 billion.  By the end of 2021-22 fiscal year, the federal debt is expected to be over $1.2 trillion. The budget introduced a $30 billion national childcare plan over 5 years, to reduce kindergarten prices by 50% in 2022, with a target of $10 per day by 2026.  The budget included several targeted taxes effective January 1, 2022 on luxury cars, jets, and…

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Accounting Firm in Winnipeg Manitoba