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Budget 2024: What the tech sector wants to see
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Digital Services Tax: Adapting to new taxation norms
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Federal government looks to “punch our way out of the COVID recession” with #Budget2021
The federal government has published its Budget 2021, which focuses on addressing the third wave of the pandemic and economic recovery. The commitments include targeted funding towards the tech and innovation sector as a way to support that recovery.
The Government of Canada called the budget “a plan to bridge Canadians and Canadian businesses through the crisis and towards a robust recovery.” Proposals include extending business and income support measures through to the fall and investments to create jobs. The Budget also includes plans to accelerate investment in the digital transformation of small and medium-sized businesses, and a focus on cleantech and creating inclusive workplaces, the latter of which includes a proposal to establish a $15 federal minimum wage.
OTTAWA The federal government is unveiling $101.4 billion in new spending, aimed at both supporting the country through the third COVID-19 wave, and stimulating the economic recovery post-pandemic, in a historic budget presented by Deputy Prime Minister and Finance Minister Chrystia Freeland. From extending pandemic business and health supports, to putting $30 billion towards a national child-care plan, increasing the federal minimum wage, and promising $17.6 billion for green investments, Monday’s federal budget outlines how the federal Liberals propose to rebuild the Canadian economy in a way that “brings all Canadians along.” The budget titled “A Recovery Plan for Jobs, Growth, and Resilience” shows that the federal deficit is projected to sit at $354.2 billion for the year that just ended, with it slated to drop to $154.7 billion in the current 2021-22 fiscal year.
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