
2025-2026 Québec budget: Tax highlights
On March 25, 2025, Minister of Finance, Éric Girard, tabled the Québec government's 2025-2026 budget. This Tax Insights highlights the main tax measures outlined in the budget.
On March 25, 2025, Minister of Finance, Éric Girard, tabled the Québec government's 2025-2026 budget. This Tax Insights highlights the main tax measures outlined in the budget.
On March 4, 2025, British Columbia’s Minister of Finance, Brenda Bailey, presented the province’s budget.
On February 27, 2025, Alberta’s President of Treasury Board and Minister of Finance, Nate Horner, presented the province’s budget.
On February 18, 2025, Nova Scotia’s Minister of Finance and Treasury Board, John Lohr, presented the province’s budget.
On April 2, 2025, US President Donald Trump signed an executive order that imposes a baseline reciprocal tariff at a rate of 10%, on most imports into the United States from all trading partners and a higher reciprocal tariff of up to 50% for certain trading partners.
On April 2, 2025, US President Donald Trump confirmed that the executive order that he signed on March 26, 2025 will proceed. That executive order imposed a 25% tariff on imports from all countries, including Canada.
This quarterly update discusses developments related to the accounting for income taxes in Canada.
On March 21, 2025, Prime Minister Mark Carney announced that the federal government will “cancel the proposed hike in the capital gains inclusion rate” that had been proposed in the 2024 federal budget.
On April 2, 2025, US President Donald Trump signed an executive order that imposes a baseline reciprocal tariff at a rate of 10%, on most imports into the United States from all trading partners and a higher reciprocal tariff of up to 50% for certain trading partners.
On March 21, 2025, Prime Minister Mark Carney announced that the federal government will “cancel the proposed hike in the capital gains inclusion rate” that had been proposed in the 2024 federal budget.
On March 21, 2025, Prime Minister Mark Carney announced that the federal government will cancel the proposed increase to the capital gains inclusion rate and maintain the proposed increase to the lifetime capital gains exemption limit to $1,250,000.
On March 12, 2025, the United States started applying a 25% tariff on imports of steel and aluminum products from all countries, including Canada, under section 232 of the US Trade Expansion Act of 1962.
On April 2, 2025, US President Donald Trump signed an executive order that imposes a baseline reciprocal tariff at a rate of 10%, on most imports into the United States from all trading partners and a higher reciprocal tariff of up to 50% for certain trading partners.
On April 2, 2025, US President Donald Trump confirmed that the executive order that he signed on March 26, 2025 will proceed. That executive order imposed a 25% tariff on imports from all countries, including Canada.
On March 4, 2025, the Federal Court of Appeal rendered its judgement in 1351231 Ontario Inc. v. The King, 2025 FCA 53.
On March 12, 2025, the United States started applying a 25% tariff on imports of steel and aluminum products from all countries, including Canada, under section 232 of the US Trade Expansion Act of 1962.
On April 2, 2025, US President Donald Trump signed an executive order that imposes a baseline reciprocal tariff at a rate of 10%, on most imports into the United States from all trading partners and a higher reciprocal tariff of up to 50% for certain trading partners.
On March 21, 2025, Prime Minister Mark Carney announced that the federal government will “cancel the proposed hike in the capital gains inclusion rate” that had been proposed in the 2024 federal budget.
On March 12, 2025, the United States started applying a 25% tariff on imports of steel and aluminum products from all countries, including Canada, under section 232 of the US Trade Expansion Act of 1962.
On March 6, 2025, US President Donald Trump signed two executive orders, effective March 7, 2025 (and expected to apply until April 2, 2025).