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Canadian federal, provincial and territorial budgets

Up-to-date information on the federal, provincial and territorial budgets.

Explore the key tax measures announced in the federal, provincial and territorial budgets and what they could mean to your business and personal circumstances.  Our team of EY tax professionals will deep dive into the proposals and provide an in-depth analysis on what this could mean for you and your business.

Federal budget 2022‑23 | An engine for growth

With COVID restrictions being lifted at long last, the focus in this year’s budget can shift from economic support and recovery measures to initiatives that stimulate economic growth.

In reality, the government will also be expected to address other pressing national issues impacting Canadians, ranging from rising inflation and interest rates to healing social unrest that manifested in demonstrations, occupations and the brief imposition of the federal Emergencies Act.

On the international front, global tensions resulting from Russia’s invasion of Ukraine and the imposition of sanctions by Canada and other Western allies may mean this budget also includes strategic investments in national defence and international humanitarian relief measures.

Tempering the scale of these investments will be the need to manage the deficit and commit to a long-term plan to eventually restore budgetary balance.

Finally, as always, there will be tax measures, some of which were proposed during last year’s election campaign and the government’s fall economic and fiscal update. Our team of EY professionals will deep dive into these measures and provide an in-depth analysis on what this could mean for you and your business.

We will provide a timely high-level review in our live fireside debrief on budget day, as well as detailed commentary in our Tax Alerts and recorded webinar.

The 2022 federal budget will be tabled on 7 April 2022.

Federal budget insights and analysis

Join EY tax experts on April 7 (budget day) at 6:30 p.m. EDT for a 30-minute fireside debrief as we discuss the highlights and key aspects of the budget.

Watch on-demand

Federal Budget 2022 Tax Alerts

Federal budget 2022-23: Highlights
Read our Highlights Tax Alert on the 2022‑23 federal budget.

Federal budget 2022-23 Tax Alert
Read our late-breaking Tax Alert on the 2022–23 federal budget.

Watch the on-demand replay as we dive deep into the federal budget and provide an in-depth analysis on what this could mean for you and your business.  Available late-evening budget day.

Watch on-demand

Canadians expect this year’s federal budget to address rising inflation, runaway housing prices, healthcare costs, climate change and growing pressure to increase defence spending, while stimulating economic growth and managing our high deficit and debt levels.

Albert Anelli

Tax Managing Partner
EY Canada

 

    

2022 Provincial and territorial budget Tax Alerts

Explore EY's provincial and territorial budget Tax Alerts:

British Columbia budget — 23 February 2022

Northwest Territories budget — 23 February 2022

Alberta budget — 24 February 2022

Prince Edward Island budget — 24 February 2022

Yukon budget — 3 March 2022

New Brunswick budget — 22 March 2022

Quebec budget — 22 March 2022

Saskatchewan budget — 23 March 2022

Nova Scotia budget — 29 March 2022

Newfoundland and Labrador budget — 7 April 2022

Manitoba budget — 12 April 2022

Ontario budget — 28 April 2022

Nunavut budget — 30 May 2022

Subscribe to EY's Tax Alerts – Canada

For detailed information on the federal, provincial and territorial budgets sent direct to your inbox.

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Past budget coverage:

Federal Budget 2021 – Charting the course to recovery

Explore the key tax measures announced in the federal budget on 19 April 2021 and what they could mean to your business and personal circumstances.

Find out more

 

   

Tax Alerts - Canada

Tax Alerts cover significant tax news, developments and changes in legislation that affect Canadian businesses.

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Tax calculators & rates

Calculate your annual federal and provincial combined tax rate with our easy online tool.                                   

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TaxMatters@EY

Your monthly Canadian summary of recent tax news, case developments, publications and more.

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