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.

The budget proposes new measures to:

  • facilitate intergenerational business transfers
  • facilitate the use of Employee Ownership Trusts an additional option for succession planning
  • strengthen the General Anti-Avoidance Rule
  • better target the Alternative Minimum Tax for High-Income Individuals
  • invest in building Canada’s clean economy
  • making life more affordable
  • make dental care affordable for Canadians.

The budget also proposes a responsible fiscal plan that will see Canada maintain the lowest deficit and the lowest net debt-to-GDP ratio in the G7.

Here are the highlights of the 2023 budget.


2023 Federal budget summary - Mazars