
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 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 March 6, 2025, US President Donald Trump signed two executive orders, effective March 7, 2025 (and expected to apply until April 2, 2025).
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 March 6, 2025, US President Donald Trump signed two executive orders, effective March 7, 2025 (and expected to apply until April 2, 2025).
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 March 6, 2025, US President Donald Trump signed two executive orders, effective March 7, 2025 (and expected to apply until April 2, 2025).
On February 13, 2025, US President Donald Trump signed a memorandum ordering the development of a comprehensive plan for reciprocal tariffs to restore fairness in US trade relationships and counter non-reciprocal trading arrangements.
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).
On February 13, 2025, US President Donald Trump signed a memorandum ordering the development of a comprehensive plan for reciprocal tariffs to restore fairness in US trade relationships and counter non-reciprocal trading arrangements.