CALU reacts to Federal Budget 2022
Ottawa, April 7, 2022 – CALU took note of the various measures included in Budget 2022 of interest to leaders in the life insurance and financial advisory industry – notably in relation to rules to facilitate intergenerational business transfers following the legislative passage of Private Member’s Bill C-208 last June. Budget 2022 announced a consultation process for stakeholders to share their views as to how the existing rules could be strengthened to protect the integrity of the tax system while continuing to facilitate genuine intergenerational business transfers. The government indicated it would bring forward legislation, as necessary to address this ...
