Debt charge rose 42% from 2021-22 because of rate hikes, revenues up 8.6%
Interest rates pushed debt charges up 40.7%
Rate hikes push federal debt charges to $25.8 billion for first nine months
The 12-month holding period would reset after the taxpayer took ownership of property
The Parliamentary Budget Officer updated its revenue projections for the Canada Recovery Dividend and the surtax on banks and insurers
Keep an eye on interest rates, inflation, legislation and more
Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation
Proposed rules outline age limit and allow unused contribution room to be carried forward
The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more
However, the bank and insurer surtax remains at 1.5% for profits over $100M