Budget 2021 allowed the immediate expensing of certain property acquired by Canada Controlled Private Corporations (CCPCs). Eligible property would include property that is subject to the capital cost allowance (CCA) rules, other than Class 1 to 6, 14.1, 17, 47, 49, and 51 (generally long-lived...

The Minister of Finance, Chrystia Freeland, delivered the 2022 Budget (the “Budget”) on April 7th. The Budget did not contain any significant tax changes, including the rumoured increase to the capital gains inclusion rate or taxation of principal residences. Highlights of the tax measures announced in...