Parliament buildings with Canada flag flying in front

The federal government doubled down on its commitments to make wealthy people and corporations pay “their fair share” in the 2023 federal budget, releasing details of the new alternative minimum tax and changing the tax treatment of dividends on Canadian shares for financial institutions. The budget also finally addressed intergenerational business transfers by shutting down loopholes left in Bill C-208.

Accompanying the “tax fairness” measures were ones aimed at vulnerable taxpayers, such as a crackdown on predatory lending and adding siblings as qualifying family members for RDSPs.