Canadian Budget Commentary
RESOURCE CENTER |
Authored by RSM Canada
In light of the COVID-19 pandemic, the Canadian federal government suspended parliament on March 13, 2020 and as a result, did not release its usual annual budget. In its place, they released the much anticipated Fall Economic Statement – Supporting Canadians and Fighting COVID-19, on November 30, 2020, which lays out the federal government’s plan to get through the winter as the pandemic continues to impact Canadians and the economy.
Hear perspectives on how the Fall Economic Statement impacts the economy, technology industry and indirect tax rules from our RSM Canada professionals.
Call us at 905.415.2511 (Markham) or 705.727.0763 (Barrie) or fill out the form below and we'll contact you to discuss your specific situation.
This article was written by Maria Severino and originally appeared on 2020-12-14 RSM Canada, and is available online at https://rsmcanada.com/our-insights/budget-commentary.html.
The information contained herein is general in nature and based on authorities that are subject to change. RSM Canada guarantees neither the accuracy nor completeness of any information and is not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. RSM Canada assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect information contained herein. This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. This analysis is not tax advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer.
RSM Canada Alliance provides its members with access to resources of RSM Canada Operations ULC, RSM Canada LLP and certain of their affiliates (“RSM Canada”). RSM Canada Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each are separate and independent from RSM Canada. RSM Canada LLP is the Canadian member firm of RSM International, a global network of independent audit, tax and consulting firms. Members of RSM Canada Alliance have access to RSM International resources through RSM Canada but are not member firms of RSM International. Visit rsmcanada.com/aboutus for more information regarding RSM Canada and RSM International. The RSM trademark is used under license by RSM Canada. RSM Canada Alliance products and services are proprietary to RSM Canada.
NVS is a proud member of the RSM Canada Alliance, a premier affiliation of independent accounting and consulting firms across North America. RSM Canada Alliance provides our firm with access to resources of RSM, the leading provider of audit, tax and consulting services focused on the middle market. RSM Canada LLP is a licensed CPA firm and the Canadian member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.
Our membership in RSM Canada Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources.
For more information on how NVS can assist you, please call us at 905.415.2511 (Markham) or 705.727.0763 (Barrie).