Ottawa's tax on banks and life insurers to deliver $6.1-billion over five years, 40 per cent less than Liberal campaign pledge - The Globe and Mail


4/7/2022 12:00:00 AM3 years 10 months ago
by Tim Kiladze, James Bradshaw

After months of uncertainty on Bay Street, the Liberals released the final details of these tax changes in their federal budget on Thursday, and the total blow is less severe than the initial pledge

Ottawas two-part tax on Canadian banks and life insurers will bring in $6.1-billion over the next five years, according to the federal budget, about 40 per cent less than projected during the most re… [+5252 chars]

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