Budget 2023 revealed the framework for Ontario’s “Plan to Build”: a targeted approach to help people and businesses by offering tax relief to manufacturers and small businesses.

In this week’s energy industry analysis, we take a look at the European Union’s latest sanction on Russian oil, the Energy Information Administration’s natural gas outlook, and plans for North America’s first small modular reactor.

Our focus is to understand your business challenges and, leveraging our BPS experience, create tailored solutions that extend the benefits of automation across your entire organization.

The Bank of Canada raised its policy rate by 50 basis points to 4.25% on Wednesday, the seventh consecutive increase since March.

On Nov. 3, 2022, Canada’s Minister of Finance released the Fall Economic Statement, which provides an overview of Canada’s finances and sets out new tax measures.

The Canadian Federal Government has proposed changes to the trust tax reporting requirements which could apply as early as Dec. 31, 2022 year ends.

The budget is based on three pillars: (i) investing in people by increasing the housing supply and establishing affordable child care, (ii) facilitating a transition to a green economy to fight climate change, and (iii) incentivizing and supporting Canadian production and innovation.

The Ontario government’s recent fiscal update includes proposals that will require corporations to collect beneficial ownership information.

Understand the implications on middle-market businesses from the Canada Federal Budget released on April 19, 2021.

Be prepared for sweeping information disclosure changes related to reporting of foreign affiliates to form T1134 coming in 2021.

Read RSM’s summarization of the 2020 Fall Economic Statement released by the Canadian government Nov. 30, 2020.