Time to talk tough about taxes - Can Canadians expect to see taxes take-off to remedy the costs of COVID relief?

A federal budget is coming soon – and as Canada is still stuck in the grips of COVID-19 and the thin ice its economy is still walking on, it is expected sooner or later, the tab will have to be paid and that bill will be satisfied with taxes.

Recently, Don Scott, Director of Tax Services at Welch wrote an insightful piece where he lends his many years of wisdom, experience and perspective to share what he thinks will be how Canada’s federal government digs itself out of what has been more than a year of bills and bailouts.

In his piece, he looks at whether or not the government will raise such revenue streams as:

• corporate and business tax rates
• personal income taxes
• capital gains
• principle residence redemptions
• and even the GST

It’s required reading for anyone interested in the finances of the federal government – and if you are a journalist looking to cover this topic, then let us help.

Don Scott is the Director of Tax Services at Welch and is a nationally recognized expert for his extensive knowledge in the area of Personal and Corporate Tax Planning. Don is available to speak with media regarding the upcoming budget, to arrange an interview today – simply click on his icon now.