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2024 federal budget summary
On April 16, 2024, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2024.
2024-2025 Québec Budget Summary
The Minister of Finance, Mr. Eric Girard, tabled his 2024-2025 budget plan on March 12, 2024, which plans to support seniors, to improve the fairness and impact of tax credits supporting jobs in the information technology sector and to enhance support for Québec film and television production.
Mazars and Forvis join forces to form a unique new Top 10 global network
15 November 2023 – Mazars, the leading international audit, tax, and advisory firm and FORVIS, the eighth largest public accounting firm in the United States, today jointly announce they will create a new, top 10 global network , effective 1 June 2024. The new network will position both firms for continued global growth by expanding their capabilities to serve clients, especially those with international needs.
2023 Federal budget summary
On March 28, 2023, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2023: A plan to build a stronger, more sustainable, and more secure economy for everyone.
OSFI publishes final guideline on climate risk management for federally regulated financial institutions
On March 7 2023, the Office of the Superintendent of Financial Institutions (OSFI) published its final Guideline B-15 on climate risk management (“Guideline”) applicable to Federally Regulated Financial Institutions (FRFIs).
It will be effective from fiscal year-end 2024 for Domestic Systemically Important Banks (DSIBs) and Internationally Active Insurance Groups (IAIGs) headquartered in Canada. For all other in-scope FRFIs, it will be effective from fiscal year-end 2025. Foreign bank branches are excluded.
It will be effective from fiscal year-end 2024 for Domestic Systemically Important Banks (DSIBs) and Internationally Active Insurance Groups (IAIGs) headquartered in Canada. For all other in-scope FRFIs, it will be effective from fiscal year-end 2025. Foreign bank branches are excluded.
2023-2024 Québec Budget Summary
The Minister of Finance, Mr. Eric Girard, tabled his 2023-2024 budget plan on March 21, 2023, which aims to stimulate the labour supply and reduce the tax burden of Quebecers, in particular by decreasing the two bottom tax rates for personal tax.
Other initiatives are planned to increase the economy’s productivity, contribute to the prosperity of the regions and address the labour shortage. Changes are also being made to the Québec Pension Plan to adapt it to the new realities of workers and retired people.
Other initiatives are planned to increase the economy’s productivity, contribute to the prosperity of the regions and address the labour shortage. Changes are also being made to the Québec Pension Plan to adapt it to the new realities of workers and retired people.
#EmbraceEquity on International Women’s Day
Improving equity remains a key topic on Mazars’ agenda, and on International Women’s Day, we are proud to join the global movement to celebrate women’s achievements, raise awareness about discrimination and take action to further drive gender equality and inclusion, on this day and beyond.
Mazars’ record global revenues confirm strength of its international, integrated, multidisciplinary strategy
14 February 2023: Mazars, the international audit, tax and advisory firm, today releases its global financial results for the 2021/2022 financial year, highlighting double-digit year-on-year growth of 16.4%, reaching €2.45bn in fee income. The increase in revenue comprises strong growth across all regions and services, both audit and non-audit (full details below).
2022 Federal Budget Summary
On April 7, 2022, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable.
2022-2023 Québec Budget Summary
On March 22, 2022, the Minister of Finance, Mr. Eric Girard, tabled his 2022-2023 budget plan which was prepared under very special circumstances, and which represents the government’s fourth budget. This budget provides tax measures to cope with the rising cost of living, to stimulate economic growth and continue efforts relating to the environment.