Highlights from the Federal and Provincial budgets

Deputy Prime Minister and Minister of Finance the Honourable Chrystia Freeland tabled the Government’s Budget on April 7, 2022. Highlights of the 2022 Budget include:

  • Initiatives to support housing affordability
  • Tax incentives to support small businesses
  • Measures to address tax avoidance and aggressive tax planning
  • Various international and cross-border tax measures
  • Additional tax on financial institutions

Join MNP’s Senior Vice President, Tax Services Am Lidder as she provides highlights from the Government’s 2022 Federal Budget Summary, and then read the detailed summary in the link below.

Our provincial budget highlights

British Columbia

The Budget aims to make life better for people by continuing to invest in B.C.’s economic, environmental and social strengths.

Read the highlights

Alberta

This year’s balanced budget is focused on building health system capacity and increasing work opportunities for Albertans.

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Saskatchewan

Titled Back on Track, the Budget includes key investments in health, education and capital projects to strengthen the Province’s economy, as well as incentives to help keep life affordable for families.

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Manitoba

Titled Recover Together, this Budget contains strategic investments in key priority areas to focus on the health and financial well-being of all Manitobans.

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Ontario

Titled Ontario’s Plan to Build, this Budget contains measures to rebuild Ontario’s economy, provide support for workers, invest in key infrastructure, reduce costs on everyday expenses, and expand health care capacity to help the province stay open.

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Quebec

The 2022 Budget contains measures to address the rising cost of living, as well as support for the post-pandemic healthcare system, education, green initiatives, housing, and infrastructure projects.

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New Brunswick

Titled Building on Success, Budget 2022-23 focuses on building a stronger economy and positioning the Province for ongoing sustainable growth.

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Nova Scotia

Budget 2022-23 focuses on improving healthcare, strengthening the economy, and investing in supports for families and communities.

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Prince Edward Island

The 2022 Budget prioritizes growing communities, improving healthcare, and investing in youth.

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Newfoundland and Labrador

Titled Change is in the Air, the Budget includes measures to help families with the rising cost of living and to invest in economic growth through responsible financial management. No provincial tax or fee increases were announced in this Budget.

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