Budget 2025 introduces a broad suite of tax measures affecting both corporations and individuals. Highlights include expanded scope for the so-called “Clean Investment Tax Credits”, accelerated deduction for certain capital expenses, and enhanced support for innovation through a more accessible Scientific Research and Experimental Development (SR&ED) regime. At the same time, some long-standing trust and corporate planning strategies face new restrictions, signalling a continued […]

Overview On March 19th, 2025, the Saskatchewan government announced changes to its provincial tax laws in its budget 2025 Delivering for You. This comprehensive summary highlights the key changes that will influence the provincial tax environment in the coming years. Personal Income Tax Measures The budget introduces no change to the personal income tax rates. […]

Overview On March 18, 2025, Minister of Finance René Legacy presented New Brunswick’s provincial budget for the 2025/26 fiscal year, with an anticipated deficit of $549 million. Additionally, the projected deficit for the nearly finished 2024/25 fiscal year has been revised to $398.9 million, a significant shift from the originally expected $40.8 million surplus. Personal […]